Land & Building off Varney Road, Nottingham, NG11 8EX
Postponed
Investment
Key Features
- An opportunity to acquire a freehold site comprising commercial building & land measuring 0.38 acres
- Let on a long leasehold basis producing £8,000 pa
- Situated in the heart of Clifton in Nottingham
Part of the
25 April 2024
auction
The Nottingham Racecourse
at
2.30PM
An opportunity to acquire a freehold site comprising a commercial buildings on a site of 0.38 acres, let on a long leasehold basis producing £8,000 pa. Located in the heart of Clifton close to Nottingham City Centre.
- Freehold site comprising a commercial unit & land
- Situated in the heart of Clifton near Nottingham City Centre
- 3.1 miles South West of Nottingham City Centre
- To the rear of Varney Road, adjacent to a parade of shops
- Excellent transport links to City Centre & surrounding areas
- Total site area approximately 0.38 acres
- Commercial unit extends to approximately 7,902 sq ft
- Subject to a 75 year lease commencing from 1982
- Producing an income of £8,000 pa
- An ideal investment opportunity
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 Long Lease which is for a term of 75 years from 22.10.1982. Fully let and producing an income of £8,000 pa (refer to Legal Pack).
Refer to Legal Pack