Units 1-5 Garnet Court, 2 Clarence Street, Nottingham, NG3 2ET
£450,000
Investment
Key Features
- An opportunity to acquire a freehold Industrial Estate investment comprising a block of 5 units totaling 4,604 sq ft (GIA) on an site of 0.34 acres
- Fully let with a total current rent reserved of £33,670 pa (ERV: £41,436 + 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 totalling 4,604 sq ft (GIA) on an site of 0.34 acres. Fully let and producing a combined income of £33,670 pa (ERV £41,436 + pa).
- Freehold industrial estate investment
- Situated off the busy Carlton Road (B686)
- Close to Lidl, Dulux and various roadside retailers
- Located approximately 1 mile east of Nottingham City Centre
- Set on a site area of 0.34 acres
- Comprising a purpose built block of 5 commercial units
- Units 1 - 4 (855 sq ft per unit)
- Unit 5 (1,184 sq ft)
- Total Gross Internal Floor Area of 4,604 sq ft
- Ample loading, parking and circulation space
- Securely gated entrance onto Clarence Street
- Fully let, producing a combined income £33,670 pa
- ERV of £41,436 + pa
- Reversionary. Active Management Opportunity
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 leases producing a combined rental income of £33,670 pa (refer to Legal Pack). ERV £41,436 pa
Refer to Legal Pack