Commercial Property
DRAFT DETAILS
An excellent opportunity to acquire a three storey office investment set within the popular suburb of West Bridgford in Nottingham.
The premises are currently let to a Housing Association on a 5 year lease from 1st February 2017 paying an annual rent of £21,000 p.a. The offices are arranged over three floors, are in excellent condition and very tastefully decorated throughout. The premises are gas centrally heated running off two separate boilers with UPVC double glazed windows throughout. The building was previously configured as four separate apartments which could be re-instated subject to securing the necessary consents. There are six dedicated car parking spaces in a shared car park to the rear of the property.
The ground floor consists of the main reception with staff toilets, and staff kitchen beyond. Stairs lead to the first floor which has two open plan offices with a further office/filing room to the rear. Stairs to the second floor lead to a loft style meeting/boardroom and a further separate loft style office.
The accommodation comprises:
22.5m2 (242 q ft)
With carpeted floors, disabled toilet, radiator and large bay window overlooking the front.
5.8m2 (62sq ft)
With tiled floors, radiator, floor and wall mounted units with wash hand basin. There is access from the kitchen directly to the car park to the rear.
22.5m2 (242sq ft)
With carpeted floors, radiator, window overlooking the rear, door access to the filing room.
8.1m2 (87sq ft)
With boiler cupboard.
17.6m2 (189sq ft)
With open access via alcove to Office One, carpeted floors, radiator, windows overlooking the front.
9.66m2 (104sq ft)
With carpeted floors, radiator and Velux window.
13.35m (144sq ft)
With carpeted floors, radiator and floor to ceiling window overlooking front aspect.
Freehold. Subject to tenancy.
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.