property
For sale by auction - Friday 5th December 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Unique opportunity to acquire a former school
Currently let, generating circa £62,000 per annum
Extensive internal accommodation, occupying a sizeable plot
Superb investment opportunity
EPC Rating: C
Unique opportunity to acquire a former school, currently let on a long term lease up to 9 October 2023, currently generating circa £62,000 per annum, being let currently to a daycare charity. Superb investment opportunity, with the school having extensive accommodation internally and occupying a sizeable plot overall.
The accommodation has a fire alarm system, intruder alarm and fire doors throughout and briefly the accommodation comprises:
Entrance Hallway
Staff Room 12ft 8 x 11ft 6
Reception Area 19ft 6 x 11ft 3
Further Hallway
Meeting Room 17ft 7 x 14ft 7
Education Room 14ft 9 x 15ft 7
Kitchen 22ft 2 x 19ft 5
Dining Room 20ft x 20ft
Games Room 15ft 3 x 19ft
Further Room 19ft 8 x 5ft 7
Shower Room
With toilet and jacuzzi room
Further Cloakroom and Store 14ft 9 x 7ft 6
Side Porch
Laundry Room
Store Room 9ft 6 x 7ft 4
Further Inner Hallway
Leading to community room.
Community Room 20ft 1 x 15ft 3
Managers Office 9ft 3 x 7ft 1
Art and Craft Room 15ft 1 x 14ft 10
Further Inner Hallway
With two separate wc
s and disabled shower room and toilet.
Separate WC
Music Room 15ft 6 x 15ft 2
Computer Room 15ft 4 x 7ft 6
Outside
There are outbuildings with a separate pottery room.
Pottery Room 17ft 2 x 5ft 6
Further outside wc and store.
Enclosed garden with soft tarmac area, parking for approximately 16/17 vehicles.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
