Detached House
DRAFT DETAILS
For sale by auction - Thursday 11 February 2016
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
7.6 acre freehold site
Bulwell stone available for extraction
Close to M1 junction 27
Rarely available opportunity
Situated in Linby which provides easy access to Nottingham and Mansfield and has good road network links to M1 and A60.
Yellowstone Quarry is thought to be the last one of the quarries with extraction availability for Bulwell stone. Bulwell stone is in demand in conservation work across the country and it is understood that this quarry still has significant reserves available for extraction. Following extraction of the mineral reserves available the purchaser will also have the opportunity to restore the site through restoration works which could provide a valuable opportunity for landfill. Buyers are deemed to rely on their own enquires with regards to extraction volumes and landfill potential.
Tenure
Freehold. Vacant possession on completion.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers - 0115 958 8702.
*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. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary.
