Wycliffe Mill Business Centre, Wycliffe Street, Nottingham, NG7 7JB
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£225,000 - £250,000
Commercial
Key Features
- Freehold approx 7,500 sq ft converted mill building
- Current net income of £34,200 pa with scope to increase to £40,000-£50,000 pa
- Let to a range of business tenants
Part of the
18 June 2019
auction
Nottingham Racecourse
at
2.30PM
Freehold converted Mill Building of circa 7,500 sq ft offering a range of open plan business units with a current net annual income of £34,200
- Former mill building retaining many period features
- Converted to provide a range of open plan business units
- Mainly open plan units with good levels of light
- Total net floor area circa 7,500 sq ft
- Scope to refurbish the extensive lower ground floor accommodation
- Let to a range of business tenants
- Potential to increase the annual rental income
- Established business location, close to NET (tram)
- A short distance from Nottingham City Centre
Final viewing date: Wednesday 12th June at 4.00pm.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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, subject to the occupational tenancies with a current total net annual income of £34,200 with scope to increase to £40,000 - £50,000 pa.
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Email: markw@cleggssolicitors.com
Telephone: 0115 977 5801