Next auction Thursday 15th August 2.30PM

Parade of 8 Retail Units on Potter Street, Worksop, Nottinghamshire, S80 2AD



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Guide price

£325,000+


Property Type

Commercial


Key Features

  • A rare opportunity to acquire a portfolio of 8 freehold retail units set in an established parade in the cenrte of Worksop town centre
  • Current reserved £30,400 pax
  • Contact Auction Estates on (0115) 7844 600

Part of the 26 October 2023 auction
The Nottingham Racecourse at 2.30PM

A rare opportunity to acquire a portfolio of 8 freehold retail units set in an established parade in the centre of Worksop town centre. Current reserved £30,400 pax with scope to increase by letting the vacant unit to Circa £37,400 Pa.

  • Portfolio of 8 freehold ground floor retail units
  • Located in the heart of Worksop town centre
  • Opposite Worksop Town Hall & the Savoy Cinema Development
  • Nearby occupiers: Boots, Asda, NatWest, EE, Sainsburys, JD etc
  • Situated close to the pedestrianised High Street & Retail Centre
  • 0.6 miles from Worksop Railway Station
  • Excellent transport links to town centre & surrounding areas
  • A 2 minute drive from A57/A60 & 15 minutes from J30 of the M1
  • 1a Potter Street let at £4,000 pa
  • 1b & 3 Potter Street Vacant (ERV: £7,000)
  • 5 Potter Street let at £6,000 pa
  • 9 Potter Street let at £4,500 pa
  • 11 Potter Street let at £3,900 pa
  • 13 Potter Street let at £6,000 pa
  • 99 Bridge Street let at £6,000 pa
  • A total current rent reserved £30,400 pax
  • Potential asset management opportunity
  • An ideal opportunity for investors

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 existing tenancies. Note all upper floors are held on Long Leaseholds

Refer to Legal Pack

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