Units 1-5 Freeth Court, Freeth Street, Nottingham, NG2 3GU
£295,000
Commercial
Key Features
- Freehold Industrial Estate investment comprising a block of 5 units extending to 2,795 sq ft (GIA)
- Set on a site area of circa 0.14 acres with a combined rental income of £16,240 pa (ERV £25,164 + pa)
Part of the
22 February 2024
auction
The Nottingham Racecourse
at
2.30PM
An opportunity to acquire a freehold Industrial Estate investment comprising a block of 5 units extending to 2,795 sq ft (GIA) on a site area of circa 0.14 acres. Part let and producing a combined rental income of £16,240 pa.
- Freehold Industrial Estate Investment
- Situated on Freeth Street close to Meadow Lane
- Located close to Lady Bay Retail Park
- Nearby occupiers: Screwfix, Nottingham Cars, Dreams, B&M etc
- Set 0.85 miles South East of Nottingham City Centre
- Excellent connectivity, less than 1 minute drive to A612 & A60
- Nottingham Train Station is 1 mile from the property
- Comprises a block of 5 commercial units
- Each unit measuring circa 559 sq ft
- 3 out of the 5 units are currently let (2 vacant)
- Producing a combined rental income of £16,240 pa
- ERV £25,164 + pa
- Ideal opportunity for investors
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 existing three occupations producing a combined rental income of £16,240 (Refer to the Legal Pack).
Refer to Legal Pack