40 & 40A Lincoln Street, Old Basford, Nottingham, NG6 0FX
£99,000+
Mixed Use
Key Features
- Freehold former office and workshop facility of 3,303 sq ft
- Potential for conversion to residential (STP)
Part of the
22 February 2024
auction
The Nottingham Racecourse
at
2.30PM
An opportunity to acquire a freehold former office and workshop facility of 3,303 sq ft with development potential for conversion to residential (STP)
- Situated in a mixed residential and commercial area
- Close to the NET Tram Stop off Vernon Road
- A short distance from the Outer Ring Road and J26 M1
- Front building is a two storey former office building
- GF: two office rooms, stores, kitchen & WC
- FF: Self contained former flat (stripped out)
- Shared driveway to gated rear yard and workshop unit
- Rear two storey workshop facility with external stairs
- Outbuildings connected to rear of front office building
- Offering scope for conversion to residential (STP)
- Adjacent to a flat conversion scheme and other residential
- Suitable for workshop occupiers, investors and builders
- Close to a wealth of local amenities
Contact Auction Estates on 0115 7844600
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 with vacant possession
Refer to Legal Pack