property
For sale by auction - Tuesday 22 March 2016
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Substantial property currently used as several office/workshops
Parking for approximately 20 cars
Potential for conversion to apartments subject to planning consent
Suitable for a variety of alternative uses, subject to necessary planning consent
EPC Rating: E
Substantial commercial freehold property, currently used for printing and IT business over two floors and several offices/workshops. It would also be suitable for a variety of alternative uses, subject to the necessary planning consent. The premises is ideally situated within walking distance of the tram and with easy access to train and bus routes and junction 26 of the M1 motorway. There is also ample off road parking for approximately 20 cars. Ideal investment opportunity. Total internal area approximately 6000 sq ft. Viewing highly advised.
Planning
The building was last occupied as a printing and design studio and we believe the property benefits from B1/office planning consent.
The local planning authority indicated in August 2008 that they would support the retention of the property by its conversion to apartments if a planning application was submitted. A copy of the letter is available by request from the auctioneers.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 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.
