MapGuide price
£50,000Retail property (high street) for sale
Unit 2A New Central Building, Mains Street, Long Eaton, Nottingham, NG10 1GL
Auction
Retail property (high street)
Features and description
- Tenure: Leasehold (990 years remaining)
Unsold. Contact the auctioneer.Guide Price = £50,000+
*For Sale By Online PublicAuction 12th December 2024 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Commercial Investment Comprising a Ground Floor Retail Shop Subject to a Lease Producing £7,280 Per Annum
Tenure
Long Leasehold. The property is held on a 999 year lease from 1st January 2016 (thus approximately 991 years unexpired) at a peppercorn ground rent.
Location
The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Tesco, B&M Store, Aldi and local retailers. The open spaces of West Park Long Eaton are within easy reach. Transport links are provided by Long Eaton rail station.
Description
The property comprises a ground floor retail shop situated within a mid terrace building arranged over ground and first floors.
Accommodation
Ground Floor
Cafe
Kitchen
WC
G.I.A Approximately 66 sq m (710 sq ft)
Accommodation
Tenancy
The property is subject to an FRI lease for a term of 5 years commencing 5th December 2024 at a rent of £7,280 per annum. 2026 upward only rent review. Personal guarantor.
Note
The property has not been inspected by Auction House London. All information including the internal photos have been supplied by the vendor.
Note
EPC Rating
B
VAT
VAT is applicable
For viewing requests, please contact Georgia [use Contact Agent Button]
Addendum
A new tenant signed an agreement on the 5th December for a term of 5 years and not as previously advertised.
*For Sale By Online PublicAuction 12th December 2024 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Commercial Investment Comprising a Ground Floor Retail Shop Subject to a Lease Producing £7,280 Per Annum
Tenure
Long Leasehold. The property is held on a 999 year lease from 1st January 2016 (thus approximately 991 years unexpired) at a peppercorn ground rent.
Location
The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Tesco, B&M Store, Aldi and local retailers. The open spaces of West Park Long Eaton are within easy reach. Transport links are provided by Long Eaton rail station.
Description
The property comprises a ground floor retail shop situated within a mid terrace building arranged over ground and first floors.
Accommodation
Ground Floor
Cafe
Kitchen
WC
G.I.A Approximately 66 sq m (710 sq ft)
Accommodation
Tenancy
The property is subject to an FRI lease for a term of 5 years commencing 5th December 2024 at a rent of £7,280 per annum. 2026 upward only rent review. Personal guarantor.
Note
The property has not been inspected by Auction House London. All information including the internal photos have been supplied by the vendor.
Note
EPC Rating
B
VAT
VAT is applicable
For viewing requests, please contact Georgia [use Contact Agent Button]
Addendum
A new tenant signed an agreement on the 5th December for a term of 5 years and not as previously advertised.
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.