Warehouse
Substantial freehold commercial building believed to extend to approximately 10,000 square feet, suitable for a variety of uses or conversion to residential use, subject to the appropriate planning permissions. There are two entrances to the property, one being on St Peters Street (which we believe was an old mill) extending to three storeys and one entrance on Croydon Road extending to two storeys. There are also extensive parking areas to the front of the buildings. The property is situated in Radford, which is close to a variety of amenities and within easy reach of Nottingham city centre. Viewing highly recommended.
We believe the building also has its own solar panels which consists of a 4kw system which are south facing producing approximately £2000 per annum.
The accommodation currently consists of two units on the ground floor and to the first and second floors there are two further units/larger storage areas.
We have been informed that a 40ft shipping container (split into two sections) is included in the sale. We believe the container is connected to the mains electrics and has previously been used for changing rooms.
Freehold. Vacant possession upon completion.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
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