LIVE ONLINE AUCTION - Click here to view

177 Forest Road West, Nottingham, NG7 4EL



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Guide price

£400,000+


Property Type

Commercial


Key Features

  • Development opportunity with planning consent for 35 bedroom student scheme
  • Freehold full vacant possession
  • Within 10 minutes walk of NTU Campus

Part of the 12 December 2019 auction
Nottingham Racecourse at 2.30PM

Development opportunity with planning consent for a 35 bedroom student scheme, close to NTU campus

  • Within 10 mins walk of NTU campus
  • NTU having over 29,370 students enrolled
  • 1 mile north-west of Nottinghams Market Square
  • Within a densely populated student zone
  • Planning permission granted July 2018
  • Extension/conversion to form a 4 & 6 storey block
  • Providing 35 bedrooms across 13 student flats
  • Planning ref: 17/02891/PFUL3
  • Existing building 3 storeys plus basement
  • Includes a telecoms mast let at £7,500pa to EE
  • Mast lease expires 2023

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 with full vacant possession of the existing building. The site includes a telecomes mast let to EE producing £7,500 pa.

TBC

Email: dmb@brewerwallace.co.uk
Telephone: 01482221130

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