Commercial Property
A commercial Investment portfolio spanning across Front Street and Coppice Road in Arnold generating an income of £76,898 per annum. This extensive property portfolio consists of a range of commercial shops, dentist, restaurant and rear parking area.
This portfolio is an excellent long term investment and is extremely well suited to a serious investor looking to add to an existing commercial portfolio. The property boasts an extremely impressive yield against the guide price of approximately 13% making this a very appealing investment indeed.
The properties are located in a busy and thriving part of Nottingham (Arnold) and the tenants have been in-situ for a number of years and are very established within the area. There are good transport links in the area and a wide and varied range of amenities locally making the location very popular. The portfolio has been in the same ownership for 23 years. (2 additional commercial units have already sold for £170k & £168k)
Rental income of £25,000 per annum. (Low, charitable rent).
Rental Income of £19,992 per annum.
Rental Income of £15,500 per annum.
Rental Income of £12,172 per annum.
Rental Income of £4,234 per annum.
These sales details are awaiting vendor approval.
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
