property
DRAFT DETAILS
For sale by auction - Friday 28th March 2014
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
10 lock up garages
Potential investment opportunity Potential income approx. £5,640 if fully let
Mixed retail and residential area
EPC Rating: N/A
An opportunity to acquire 10 lock up garages situated in a mixed retail and residential area of Aspley. The site is within close proximity of local shops and transport links and would be suitable to let to local residents or commercial properties nearby.
The garages are of brick built construction with flat roofs having metal up and over doors. The site comprises of 10 garages in a single block fronted by a yard.
The garages were last let at £47 per month per garage, therefore producing an annual income of £5640 for the entire site if fully let.
Tenure
Freehold. Vacant possession on completion.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 fee of £750 (inc VAT) payable on the fall of the hammer.
