Next auction Thursday 20th June 2.30PM

121-123 Radford Road, Nottingham, NG7 5DU



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Guide price

£425,000


Property Type

Mixed Use


Key Features

  • Mixed use investment property
  • Let at ground to Ladbrokes until Feb 2029 producing £22,000 pa
  • Includes 2 x two bedroom self contained flats above (vacant) in need of refurbishment
  • Diagonally opposite ASDA supermarket & car park

Part of the 27 September 2017 auction
Nottingham Racecourse at 2.30PM

Mixed use investment property let at ground to Ladbrokes until Feb 2029. Includes 2 x two bedroom self contained flats above (vacant) in need of refurbishment

  • * Prominent position in the retail heart of Hyson Green * Diagonally opposite ASDA supermarket & car park * The Hyson Green NET tram stop is located directly opposite * The NET tram provides regular service in & out Nottingham City Centre * Ground floor corner unit of approx. 700 sq ft (Source VOA) * Comprising a large open plan sales area with 3 x wc's * 2 x self contained flats above, accessed from the rear * Flats: kitchen & lounge at 1st, 2 beds & bathroom at 2nd * Close to a wealth of local amenities with easy access to city * Popular rental area with scope to increase the yield

Contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold, subject to the lease of the ground floor to Ladbrokes Betting & Gaming Ltd for a term ending on 13th Feb 2029 (tenant break at Feb 2025). Current rent £22,000pa, next reviews Feb 2021 & 2025. 2 x self contained two bedroom flats with vacant possession.

TBC

Email: mohit.chopra@miramarlegal.co.uk
Telephone: 020 3328 1604

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