Next auction Thursday 22nd February 2.30PM

Land to the rear of 8,9 & 10 Little Tennis Street, Nottingham, NG2 4EL



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Guide price

£500,000+


Property Type

Investment


Key Features

  • A rare opportunity to acquire a freehold parcel of land extending to approximately 1.828 acres in the Whitecity Trading Estate, Colwick.
  • Currently let on 3 leases with a total current rent reserved of £20,840 pa.
  • Final Block Viewing: Wednesday 14th February at 3 PM, please arrive promptly

Part of the 22 February 2024 auction
The Nottingham Racecourse at 2.30PM

A rare opportunity to acquire a freehold parcel of land extending to approximately 1.828 acres in the Whitecity Trading Estate, Colwick. Currently let on 3 leases with a total current rent reserved of £20,840 pa.

  • Freehold parcel of land extending to approximately 1.828 acres
  • Located in the established Whitecity Trading Industrial Estate
  • Nearby occupiers: KTM, MB Centre, JBS Accountants, etc
  • A short walk to local amenities: Costa, KFC, Aldi, BP, Poundland
  • Less than 1.5 miles from Nottingham City Centre
  • Nottingham Train Station is a 5 minute drive from the site
  • A 20 minute drive to J24 of the M1 & East Midlands Airport
  • Comprising mainly concrete hardstanding
  • Access point off Little Tennis Street
  • Currently let on 3 leases producing £20,840 pa
  • ERV of £54,000 + pa
  • Scope for future development of industrial/business units (STP)
  • Ideal opportunity for investors, developers and owner occupiers

Strictly by appointment only, 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 three existing tenancies producing a combined rental income of £20,840 pa. Two leases are currently holding over.

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