Lot - 240-242 Ilkeston Road, Nottingham, NG7 3EA Auction Lot £105,000 - Auction Estates

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Nottingham Racecourse


26 September 2018

240-242 Ilkeston Road, Nottingham, NG7 3EA

Guide Price: £105,000


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Key Features

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

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

VAT

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

Viewings

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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. 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.

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