346-348 Meadow Lane, Nottingham, NG2 3GL
£200,000+
Mixed Use
Key Features
- An opportunity to acquire an extensive freehold three storey commercial property extending to 2,374 sq ft
- Fronting the busy Meadow Lane opposite Lady Bay Retail Park
Part of the
22 February 2024
auction
The Nottingham Racecourse
at
2.30PM
An opportunity to acquire an extensive freehold three storey commercial property extending to 2,374 sq ft. Fronting the busy Meadow Lane opposite Lady Bay Retail Park.
- Located in a prominent position on Meadow Lane (A6011)
- Situated opposite Lady Bay Retail Park
- 0.8 miles South West of Nottingham City Centre
- Nearby occupiers: Screwfix, BP, KFC, Costa, Dreams, B&M
- Excellent connectivity, less than 1 minute drive to A612 & A60
- GF: 4 x Empty rooms (961 sq ft)
- FF: 3 x Empty rooms & W/C (756 sq ft)
- SF: 4 x Empty rooms (657 sq ft)
- Entire property extends to approximately 2,374 sq ft
- Benefits from a gated concrete yard to the rear
- Currently let at £4,000 pa (Lease expires in 2024)
- In need of light cosmetic refurbishment
- Scope for conversion of upper floors to residential (STP)
- Ideal asset management opportunity
Strictly by appointment only, contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 tenancy currently producing £4,000 pa (refer to Legal Pack)
Refer to Legal Pack