Next auction Thursday 25th April 2.30PM

Land off Nottingham Road, Lowdham, Nottingham, NG14 7AP



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Guide price

£10,000+


Property Type

Land


Key Features

  • Freehold Land (10.12 acres)
  • Let on a 99 year lease from 21st December 2000 at a peppercorn rent
  • Offering a long term strategic investment opportunity

Part of the 14 December 2023 auction
The Nottingham Racecourse at 2.30PM

A freehold parcel of Land (10.12 acres), let at a Peppercorn Rent for a term of 99 years

  • A broadly rectangular and level parcel of land
  • Extending to approximately 10.12 acres
  • To the south-east side of Nottingham Road in Lowdham
  • Nottingham Road is one of the main roads into the city
  • Between Nottingham and Southwell (approx 15 minutes drive)
  • NOTE: the land is let for 99 years
  • Offering a long term strategic investment opportunity
  • The plan is for illustration purposes only. Please refer to legal pack for the full extent of land within the title
  • Refer to the legal pack for further information

From Nottingham Road only (strictly no access onto the land)

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 a 99 year lease from 21st December 2000 at a peppercorn rent. See legal pack for further details.

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