property
Draft Details
Substantial four storey period office building
Within professional district of City Centre
Part vacant part let producing £10,200 per annum
Scope for significant rental increase
Being sold on behalf of joint LPA receivers
Occupying a highly regarded location within the professional district of Nottingham City Centre this highly attractive 4 storey period property represents an excellent opportunity for the investor or owner occupier to acquire substantial office accommodation at a very realistic price.
At present the ground floor office and front basement rooms are let and producing £10,200 per annum (inclusive of rates). With the remainder of the building all vacant there is clearly scope for a significant increase in the rental income from this property. The property benefits from a small parking area to the rear.
Oxford Street is situated in the heart of Nottingham about 10 minutes walk from the Market Square and within close proximity of all the excellent facilities within Nottingham City Centre. Nottingham City has a population of circa 330,000 and has a strong local economy with large employers including Capital One, Boots & Nottingham City Council. Nottingham has a vibrant student population with 2 large and well renowned Universities.
ACCOMMODATION:
Basement Front - 14ft 5 x 16ft 3
Basement Rear - 15ft 2 x 12ft 5
Ground Floor -
Office 1 - 14ft 7 x 15ft 3
Office 2 - 15ft 3 x 12ft 7
First Floor -
Office 1 - 16ft 5 x 9ft 2
Office 2 - 16ft 5 x 10ft 4
Office 3 - 15ft 6 x 12ft 8
Second Floor -
Office 1 - 16ft x 9ft 9
Office 2 - 15ft 11 x 12ft 9
Kitchen - 8ft 2 x 12ft 6
Third Floor:
Bathroom with storage space off
Storage Room - 18ft 8 x 10ft 7
Outside parking to rear
TENANCY DETAILS:
Basement Front- Let to Lincoln Chapman Ltd. Along with Ground floor offices £10,200 pa total (inclusive of rates).
Basement rear - VACANT
Ground Floor - Let to Lincoln Chapman Ltd along with Basement front £10,200 pa total. (inclusive of rates).
First Floor - VACANT
Second Floor -VACANT
Third Floor - VACANT
PLEASE NOTE:
Please refer to the legal pack for the full terms of the lease referred to above
Tenure
Freehold. Part vacant, part subject to tenancy.
Viewings
By appointment 01159 588702
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £495 (inc VAT) payable on the fall of the hammer.
For Sale By Auction - Tuesday 11 December 2012
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
