Garages in Nottingham

Garages Behind 490 - 492 Mansfield Road, Sherwood, Nottingham NG5 2DQ
  • Lot No: 22
  • Property Type: Garages
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £29,000+ plus fees

Result Sold at Auction £32,500

Property Description

An excellent investment opportunity to acquire four well kept garages located to the rear of Mansfield Road with access from off Mapperley Street. The four garages are fully let and produce £2,520 per annum combined. The garages are located in an exceedingly popular location with a superb range of amenities to hand and would provide excellent storage facility. In more detail garages 1-3 are 16 ft x 8ft and garage 4 is 21ft x 12ft. One of the garages is let at £45 per calendar month, two other single garages are let at £50 per calendar month each and the larger garage at £65 per calendar month.

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.

Auction Details

Date 28th October 2021

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

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Map

Garages Behind 490 - 492 Mansfield Road, Sherwood, Nottingham NG5 2DQ