Next auction Thursday 20th June 2.30PM

4 x Garages, Wollaton Street, Nottingham, Nottinghamshire, NG1 5FW



Sold
£45,000
Sold
£45,000
Sold
£45,000
Sold
£45,000
Guide price

£20,000+


Property Type

Investment


Key Features

  • Block of four garages in the Nottingham City Centre
  • Close to a number of residential and student schemes
  • Fully let and producing £3,048 per annum

Part of the 28 February 2019 auction
Nottingham Racecourse at 2.30PM

Block of four garages in Nottingham City Centre close to a number of new high rise residential & student schemes, let & producing £3,048 per annum.

  • Fronting busy Wollaton Street
  • City Centre location
  • 4 x garage units
  • Measuring approx. 200 sq ft per garage
  • Each with timber access doors
  • Potential for alternative uses (STP)
  • Close to a number of new student/resi blocks

Final block viewing: Wednesday 20th February at 10.30am. Please arrive promptly for the viewing time in order to gain access.

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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

Leasehold, 999 year lease from 28/07/2011. Three garages let at £65 PCM & 1 garage let at £59 PCM. Combined annual income £3,048.

Email: syed.saeed@trentlaw.co.uk
Telephone: 0115 8716123

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