28th November 2014
Commercial lots in Mansfield to go under the hammer
28th November 2014 – Graham Penny Auctions, the most successful auction house in Nottingham, has several excellent commercial investment properties in Mansfield going under the hammer in its auction next week.
To view the catalogue for the Nottingham December catalogue CLICK HERE
The auction, on Friday 5th December at Nottingham Racecourse, features 40 varied residential property, commercial property, land and other lots from across Nottinghamshire and the rest of the UK with commercial property *guide prices starting at only £57,000+.
In Shirebrook, Mansfield there are two double fronted freehold shops with existing tenants. 6-8 Market Place is currently let at £10,000pa to Greetings card and gift shop having previously been let to Boots the Chemist for 20 years and has a guide price of £88,000+. The second lot is 102-104 Market Street which has a guide price of £140,000+ and is currently let at £12,500pa on a 10 year lease to Lloyds TSB bank.
With a guide price of £125,000+, 105 Sutton Road in Mansfield is a substantial detached freehold property currently let to the Tanning Centre at £11,200pa. For buyers looking for a mixed use property, 13 High Street in Stanton Hill, Sutton in Ashfield comprises a ground floor commercial unit and first floor self-contained flat with a garage to the rear. The ground floor unit is let at £7,490pa to a tenant who has been in occupation for 25 years while the first floor flat has recently become available having previously been rented at £76 per week. The guide price is £57,000+.
Vejay Pal, Graham Penny Auctions Nottingham senior valuer, commented: “We have achieved some excellent prices for our commercial and mixed use lots this year including one property comprising a ground floor shop and first floor offices with existing tenants on Station Street in Kirkby in Ashfield in our October auction which sold for £65,000.
“The legal packs for all the lots for sale in our December auction are now available to view for free online and if our buyers can’t make it to the auction room we can offer proxy, telephone or internet bidding.”
Graham Penny Auctions dominates the region’s property auction market in terms of lots offered, lots sold and revenue raised and continues to stay well ahead of its rivals across the East Midlands. So far this year Graham Penny Auctions Nottingham has sold more lots than any other auction house in the city with 175 lots going under the hammer, plus it has raised over £15.4m in sales for its clients and achieved a 74 per cent success rate.
To view the catalogue for the Friday 5th December auction click here.
*Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions click here