50 Main Street, Lowdham, Nottinghamshire, NG14 7BE
£295,000+
Investment
Key Features
- An opportunity to acquire a freehold multi-let retail and office investment property in the centre of Lowdham
- Partially let and producing £30,380 pa with scope to increase the rent by lettings the vacant rooms.
Part of the
26 October 2023
auction
The Nottingham Racecourse
at
2.30PM
An opportunity to acquire a freehold multi-let retail and office investment property in the centre of Lowdham. Partially let and producing £30,380 pa with scope to increase the rent by letting the vacant rooms.
- Central village location opposite the Post Office
- Approximately 7 miles north-east of Nottingham
- A short walk from Lowdham Train Station
- Close to a new Co-op convenience store
- Pubs & eateries close by including Magna Charter
- Includes two shops fronting Main Street
- Above & to rear are a range of letting rooms
- Access to rear car park from Main Street
- L-Shaped building with a good sized car park
- Plan available showing the layout of each floor
- Large communal kitchen and WC's
- Good sized garage with double timber doors
- A number of letting rooms are vacant, scope to let
- Grassed garden area to the rear of the site
- An ideal investment opportunity with scope to add value
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. Current rent reserved of £30,380 pa with scope to increase this by letting the vacant rooms.
Refer to Legal Pack