Next auction Thursday 15th August 2.30PM

Unit 2, White Hart Yard, Newark, Nottinghamshire, NG24 1DX



Unsold
Unsold
Unsold
Unsold
Unsold
Guide price

£55,000+


Property Type

Commercial


Key Features

  • Freehold commercial property producing £7,500 per annum on a 3 year FRI lease from March 2023.
  • Located in the heart of Newark town centre
  • An ideal high yielding investment opportunity

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

Freehold commercial investment property, fully let and producing £7,500 per annum on a 3 year FRI lease from March 2023. The lease is subject to two rent increases (£650 pcm in Year 2) and (£675 pcm in Year 3)

  • Located in the heart of Newark town centre
  • In proximity to town centre amenities
  • Nearby operators are Marshalls Hair and Deja Vu
  • Grade II listed building
  • GF: Open Plan Retail unit (spiral stairs to rear)
  • FF: Storage/WC/Kitchenette
  • GF size of 329 sq. ft
  • FF size of 420 sq. ft
  • Total size of area of 749 sq. ft
  • Property has planning consent for A1 (retail)
  • Ideal opportunity for investors or owner occupiers

Please contact Auction Estates on 0115 7844 600

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 commercial property producing £7,500 per annum on a 3 year FRI lease from March 2023. The lease is subject to two rent increases (£650 pcm in Year 2) and (£675 pcm in Year 3)

Refer to Legal Pack

Email: matthewmaiden@bannerjones.co.uk
Telephone: 01623 675805

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