Lot - 1A The Crescent, Bilsthorpe, Newark, Nottinghamshire, NG22 8QX Auction Lot £25,000 - Auction Estates

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Nottingham Racecourse

28 February 2019

1A The Crescent, Newark, NG22 8QX

Guide Price: £25,000


Key Features

  • Retail investment within village retail parade
  • Currently let to Jax Barbers for £3,960 pa
  • Adjacent to One Stop convenience store
Draft Details Only

Retail investment in Bilsthorpe Village at the end of a busy retail parade with a mix of independent and national retailers to include One Stop convenience store

• Retail investment within village retail parade
• Adjacent to One Stop convenience store
• Single storey retail unit currently let to a barbers
• Currently let to Jax Barbers for £3,960 pa
• Retail unit measures approximately 260 sqft (Source: VOA)
• Surrounded by a high volume of residential properties
• In proximity to Mining museum, Local welfare and Village School
• Located 9 miles East of Mansfield and 14 miles West of Newark
• Ideal opportunity for investors


Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.


Please contact Auction Estates on 0115 7844 600

Important Notices

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 retail investment subject to a new 6 year lease from 01.08.18 to 31.01.24 to Jax Barbers at a fixed rent of £3,960 pa (£330 PCM). Tenant has a break clause after 3 years.


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