Brisbane Court, Balderton, Newark, Nottinghamshire, NG24 3PS
£450,000+
Commercial
Key Features
- A rare opportunity to acquire a high yielding freehold retail investment property
- Comprising 11 retail units & 6 lock up garages in the heart of Balderton, Newark
- Total Current Rent Reserved of £80,900 pa.
Part of the
17 April 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
A rare opportunity to acquire a high yielding freehold retail investment property comprising 11 retail units & 6 lock up garages in the heart of Balderton, Newark. Total Current Rent Reserved of £80,900 pa.
- An attractive and well established retail precinct
- Situated in Balderton, close to Newark town centre
- A few minutes drive from the A1 & the Welcome Break Services
- Bus stop adjacent to the sites frontage
- The main retail precinct for all of Balderton
- Surrounded by densely populated residential housing
- Comprising a U shaped precinct with feature central courtyard
- 10 car parking spaces fronting the precinct (not included in the sale)
- Comprising 11 ground floor retail units (Approx. 8,600 sq ft)
- Upper floor residential sold of on a head lease (not included)
- Includes 6 lock-up garages accessed of Marlowe Drive
- Total Current Rent Reserved of £80,900 pa
- Tenancy schedule available on request
- Active asset management opportunity
- Representing a high yielding investment opportunity, rare to the market
Contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 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 existing tenancies, refer to legal pack
Refer to Legal Pack