Commercial Property in Nottingham

122 & 124 Nottingham Road, Eastwood, Nottingham, Nottinghamshire NG16 3GD
  • Lot No: 29
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £265,000+ plus fees

Result Sold After Auction

Property Description

DRAFT DETAILS The property comprises two separate freehold commercial units located on Nottingham Road along with three garages and parking for four cars. 124 Nottingham Road comprises a commercial unit previously used as a dry cleaners benefitting from roller shutter, wc and rear access. The unit has a main trading area of approximately 310 sq.ft with a rear storage area extending approximately 77 sq.ft. 122 Nottingham Road is a substantial commercial unit with frontage along Nottingham Road East and Queens Road previously occupied by Sanders Menswear. The unit occupies three storeys and benefits from roller shutters and a large glass frontage with entrances on both Nottingham Road and Queens Road. The ground floor trading area extends to approximately 1,050 sq.ft with separate kitchen facilities, wc and changing facilities and laminate floors. A central staircase leads to the first floor which has a trading area of approximately 1,216 sq.ft with changing facilities and laminate floors. A separate rear storage area extends to approximately 144 sq.ft leading to an office extending to approximately 150 sq.ft, a fire escape and a hallway with stairs to the second floor. The second floor is split into rooms within the eves of the building providing more storage space - Room 1 extends to approximately 150 sq.ft Room 2 extends to approximately 54 sq.ft Landing with storage extending to approximately 132 sq.ft Room 3 extending to approximately 182 sq.ft Total NIA approximately 3,465 sq.ft We have been advised that the three garages have been rented out previously to locals which could provide a potential income stream for the new purchaser. The seller has given notice for the tenants to vacate on 31st March but has agreed for one to remain until 25th May 2022. Please see legal pack for further information. We feel that 122 Nottingham Road could be split into two commercial units and the upper stores converted into residential or office suites subject to obtaining appropriate planning consents.

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 April 2022

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

Contact Us

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Map

122 & 124 Nottingham Road, Eastwood, Nottingham, Nottinghamshire NG16 3GD