property
For Sale By Auction - Tuesday 5th November 2013
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
A substantial industrial facility with offices and a secure gated car park
Extending to approximately 39,000 sq ft
Close to Nottingham City Centre & M1 motorway
Being sold on behalf of the Joint LPA Receivers
EPC Rating: D
An excellent opportunity to acquire substantial industrial premises with offices.
The property is located on Palm Street in the New Basford area of Nottingham, approximately 2.5 miles north of Nottingham City Centre. The A610 is approximately 1 mile from the property and provides direct access to Junction 26 of the M1 motorway.
In more detail the accommodation comprises:
101 & 105 Palm Street
The main Victorian industrial facility and office complex comprises a two storey workshop/ warehouse with ancillary two storey office accommodation.
101 Palm Street:
Lower Ground Floor Factory - 2,000 sq ft
Ground Floor Factory/ Offices - 11,500 sq ft
First Floor Offices - 11,500 sq ft
105 Palm Street:
Ground Floor Factory - 2,500 sq ft
106 Palm Street
A 1990
s two-storey extension connected to No. 101 and 105. Loading doors provide access to the lower ground floor with the main accommodation being on the first floor accessed via an internal ramp.
Lower Ground Floor Factory/ Loading - 6,500 sq ft
Ground Floor Factory - 5,000 sq ft
The property includes a secure gated car park / yard area adjacent to 104 Palm Street.
Note
Please note that 104 Palm Street is being offered for sale as a separate lot in our 5th November sale.
Tenure
Freehold.
Rateable Value
We
ve been informed that the rateable value is £40,750.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 £500 (plus VAT) payable on the fall of the hammer.
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