Next auction Thursday 15th August 2.30PM

Robin Hood Site, Main Street, Laneham, Nottinghamshire, DN22 0NA



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Guide price

£550,000+


Property Type

Investment


Key Features

  • A commercial investment property comprising a pub, warehousing, stores, function room, offices and surplus storage land.
  • Current rent reserved of £66,028 with an ERV when fully let of £107,000 pa
  • A high yielding investment opportunity with scope to improve

Part of the 25 April 2024 auction
The Nottingham Racecourse at 2.30PM

A commercial investment property comprising a pub, warehousing, stores, function room, offices and surplus storage land. Current rent reserved of £66,028 pa with an ERV when fully let of £107,000 pa

  • Laneham is an attractive village in Bassetlaw, north Notts
  • 13 miles due west of Lincoln & 8 miles east of Retford
  • Situated in the hear of the village fronting Main Street
  • Occupying a broadly rectangular site of circa 1 acre
  • Pub (The Bees Knees) let on a Tenancy at Will at £20,868.64 pa
  • Warehouse, stores and office building let at £45,160 pa
  • Former Megs Bar Function Room (Ground & First floors)
  • Large area of hardstanding and land to the rear of the site
  • Scope for development of the rear of the site (STP)
  • A high yielding investment opportunity with scope to improve
  • Suitable for investors and those wanting part occupation

Contact Auction Estates on 0115 7844600

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. Warehouse, stores & Offices let to Premium Paints Limited on a 5 year lease from 25th January 2023 at a rent of £45,160 per annum. The Bees Knees Pub let on a Tenancy at Will at a rent of £20,868.64 Megs Bar: Two storey function room & stores to be offered with Vacant Possession

Refer to Legal Pack

Email: james.spittlehouse@knightsplc.com
Telephone: 01522 506117

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