Detached House
DRAFT DETAILS
For Sale By Auction - Thursday 6th February 2014
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
Excellent freehold investment opportunity
Generating £6,000 per annum
Let on a 20 year lease from November 2013
No VAT applicable on purchase
EPC Rating: E
An excellent opportunity to acquire a single storey retail unit, currently trading as a Thai takeaway, in a popular parade of shops.
The property has the benefit of being let on a new 20 year lease (commenced in November 2013) and has recently been refurbished by the tenant. The property achieves a rental income of £6,000 p.a.
No VAT is payable on the purchase.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 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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