13th June 2018
Excellent spread of commercial lots in SDL Auction Graham Penny Nottingham auction
SDL Auctions Graham Penny’s next Nottingham auction has a strong selection of commercial lots to spark the interest of investors.
Nick Trow, commercial auction valuer at SDL Auctions Graham Penny, said: “The range and types of property and the geographical spread demonstrates how popular commercial property lots are in our auctions.
“They provide both excellent investment opportunities and in many cases the opportunity to add value through asset management.”
Cromford House on Bailey Brook Industrial Estate in Langley Mill is a part-let, part vacant large office building which is split into four separate units with car parking. The site is excellently located for the M1 and units currently let include Unit 1 on £850 per calendar month and Unit 3 for £400 per month. Units 2 and 4 are currently vacant office space.
It has a *guide price of £200,000+.
An excellent opportunity to acquire a former retail unit with accommodation above is offered at 28 Oakdale Road in Bakersfield. The building has been stripped and now offers the potential for conversion in to a single dwelling house or office space, subject to planning. It currently has A3 retail planning permission for the ground floor and a former two bedroomed apartment on the first floor.
It has a guide price of £99,000+.
Retail opportunities feature strongly and include 2/2a Church Street in Gainsborough which offers two retail units in the heart of the town’s main shopping area. One is let to Swanky Beats on a current rental of £6,000 per annum, and the second to Solar Team UK Ltd for £7,000 per annum. The unit has the benefit of first and second floor accommodation currently used as storage space. It has a guide price of £110,000+.
For those looking for something different in their investment portfolio, a former windmill and a BT repeater station certainly fit the bill.
The Grade II-listed Moneys Mill in Sleaford in Lincolnshire dates back to the early 1800s and dominates Moneys Yard, a popular retail development with ample on-site parking off Carre Street in the vibrant town centre of Sleaford in Lincolnshire. It has a guide price of £135,000+.
The former BT repeater station is a single building on Loughborough Road in Ruddington and has a guide price of £23,000+.
These are just some of the 41 properties for sale in SDL Auctions Graham Penny’s auction at Nottingham Racecourse on Tuesday 26 June. The full catalogue can be viewed here.