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Land and buildings on south east side of Gadd Street, Nottingham NG7 4BJ

Lot no: 130 Sold Prior to Auction
 

Guide Price £250,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 30th November 2023

10.00am
Key Features
  • Two commercial units
  • Plenty of storage space
  • Situated in Radford
  • EPC Rating: E and D
  • Council Tax Band: Exempt
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Sold Prior to Auction

Commercial Property

Property Description:

Two commercial units, yard and office space situated in Radford, Nottingham.

The plot offers gated access with a large yard, ideal for parking, with access to two units, each hosting a lobby and toilet, whilst one offers an indoor storage space and office, alongside stairs leading to an upstairs storage. The separate office unit offers two rooms, hallway and lobby.

Unit A1

Comprises -

Unit

29ft 5 x 32ft 4 approx (8.97 x 9.88 approx). Front pedestrian access door. Up-and -over door for vehicle access. Storage throughout the unit. Concrete flooring.

Separate WC

6ft x 6ft 3 approx (1.84 x 1.93 approx). Wall mounted sink. WC. Tiled flooring. Partially tiled walls.

Unit 2A

Comprises -

Unit

29ft 5 x 24ft 2 approx (8.97 x 7.37 approx). Front pedestrian access door. Up -and-over door for vehicle access. Storage throughout the unit. Concrete flooring. Stairs leading storage area.

Upstairs Storage Area

2ft 11 x 6ft 10 approx (0.89 x 2.10 approx).

Office

6ft 9 x 15ft 4 approx (2.07 x 4.69 approx).

Office

6ft 7 x 6ft 11 approx (2.01 x 2.11 approx).

Separate W/C

Not measured. Wall mounted sink. W/C. Hand dryer. Tiled flooring. Partially tiled walls.

Separate Office Building

Comprising -

Entrance Hallway

4ft 10 x 7ft 9 approx (1.49 x 2.38 approx). Wooden front access door. Carpeted flooring.

Office

14ft 8 x 9ft 8 approx (4.49 x 2.97 approx). Carpeted flooring. Single glazed wooden framed window.

Kitchen

6ft 7 x 4ft 10 approx (2.01 x 1.49 approx). Fitted based units. Stainless steel sink with tap. Light and power. Tiled flooring.

Office

9ft 9 x 14ft 8 approx (2.99 x 4.48 approx). Carpeted flooring. Single glazed wooden framed window.

Outside

Gated access to large car parking area.

Tenure:

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 Variable 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. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers 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 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.