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Garages to rear of 33 Orchard Street, Bedworth, CV12 8BW

Lot no: 15.0 Re-entry to a future auction
 

Guide Price £140,000 plus fees


Friday 5th December 2014

12.00am
Key Features
Block of twenty garages and two portable cabins
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Re-entry to a future auction

Detached House

Property Description

For sale by auction - Friday 5 December 2014

At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE

Commencing at 11.30am

Block of twenty lock up garages and two portable cabins

Situated in the heart of a predominantly residential area

Currently fully generating £11,352 pa

Ideal investment opportunity

Ideal investment or potential development opportunity, STPC.

A block of twenty lock-up garages of brick construction and two portable cabins, situated in the heart of a predominantly residential area and currently fully let on shorthold tenancy agreements. Annual rental currently £11,352 per annum (due for rent increase in 2015). Profitable investment opportunity yielding a good rate of return against capital with potential for rental increase.

Site of approximately a third of an acre suitable for re-development, subject to planning consent.

Tenure

Freehold. Subject to tenancy.

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 deposits.

The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.

Viewings

By appointment with the auctioneers - 0115 958 8702.

*Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary.

Tenure: