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240-242 Ilkeston Road, Nottingham, NG7 3EA



Sold
Prior
Sold
Prior
Sold
Prior
Sold
Prior
Guide price

£105,000


Property Type

Investment


Key Features

  • Betting office & Residential Ground Rent Investment
  • Total current rents reserved £9,500 pa
  • VAT is not applicable to this property

Part of the 26 September 2018 auction
Nottingham Racecourse at 2.30PM

Freehold Betting office & Residential Ground Rent Investment part let to Ladbrokes until 2025. Total current rents reserved £9,500 pa.

  • Situated on the north side of this busy section of Ilkeston Road
  • Betfred, Tesco Express & The Gregory Public House close by
  • Arranged on ground & two upper floors
  • Ground floor betting office & three self contained flats above
  • Note: the three flats have been sold off
  • Upgraded by Ladbrokes with well presented trading areas
  • VAT is not applicable to his lot
  • 8 week completion available

Please 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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. ground floor let to Ladbrokes Betting & Gaming Ltd until 2025 at £9,500 pa (next rent review 2020). Three flats above each sold off on 199 year leases at peppercorn rents.

D

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Telephone: 0115 9304 994

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