LIVE ONLINE AUCTION - Click here to view

Units 1-8 Moreland Place, Moreland Street, Nottingham, NG2 3GQ



Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Sold
£725,000
Guide price

£525,000


Property Type

Commercial


Key Features

  • An opportunity to acquire a substantial freehold Industrial Estate Investment comprising of 8 units extending in total to 5,172 sq ft on a site of 0.64 acres.
  • Fully let and producing £34,850 pa (ERV: £46,500 + pa)

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

An opportunity to acquire a substantial freehold Industrial Estate Investment comprising 8 units extending in total to 5,172 sq ft on a site of 0.64 acres. Fully occupied and producing £34,850 pa.

  • Freehold Industrial Estate comprising 8 units
  • Located on Moreland Street just off Meadow lane
  • Situated close to Lady Bay Retail Park
  • 0.8 miles South East of Nottingham City Centre
  • Nearby occupiers: Screwfix, BP, KFC, Costa, Dreams, B&M
  • Excellent connectivity, less than 1 minute drive to A612 & A60
  • Situated off one of the main arterial routes in & out of the City
  • On a site of circa 0.64 acres
  • Comprises 4 blocks with 2 commercial units in each
  • Ample loading, parking and circulation space
  • Securely gated entrances from Moreland Street & Brand Street
  • Tenants include car repairs & MOT
  • Fully let & producing a rental income of £34,850 pa
  • ERV of £46,500 + pa
  • An active management opportunity, highly reversionary

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 £34,850. (refer to Legal Pack)

Refer to Legal Pack

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