Commercial Property
The property comprises a part two storey, part single storey former bank premises, situated in a prominent corner position at the junction of Victoria Road and Garnet Street.
The property is of brick construction surmounted by a pitched slate roof, together with a flat roof over the single storey element. Internally, the property provides a former banking hall, office accommodation, strong room, stores and WC on the ground floor, with further stores, staff room, kitchen, male and female WCs on the first floor.
Netherfield is a Nottinghamshire town circa 3 miles distant of Nottingham City Centre.
The property is located on Victoria Road, the principal retailing destination in the town.
The property benefits from a densely populated residential area in the immediate vicinity, providing a strong catchment area for trade.
We understand that the property is held Freehold.
Ground Floor: 1,421 sq.ft. (132.01 sq.m.)
First Floor: 594 sq.ft. (55.22 sq.m.)
Total NIA: 2,015 sq.ft. (187.20 sq.m.)
All interested parties must seek their own verification of floor areas and dimensions and satisfy themselves that they are suitable for any proposed future use.
We understand that VAT will not be chargeable on this transaction. All interested parties are advised to refer to the Special Conditions of Sale within the legal pack for their own verification.
See viewing schedule.
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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