The property is located on the west side of Mansfield Road, between its junctions with Sherbrook Road and Edwin Street, approximately 1 mile East of Nottingham University Hospital.
Occupiers close by include Go Outdoors, Carpet Right, and Pets at Home as well as the Madford Retail Park which is located some 150m from the property and which is home to Carphone Warehouse, Currys, Homebase and B&M Bargains.
The property is arranged on ground and two upper floors to provide two double fronted ground floor shops with four maisonettes above.
The maisonettes are accessed from the rear via a gated pedestrian access from Sherbrook Road.
VAT is not applicable to this lot.
There will be a single block viewing held prior to the auction. If you would like to attend you must register with us in advance no later than 12 noon on Wednesday 5th September.
Please email email@example.com with the name and mobile number of each party wishing to attend. Photographic ID will be required on the day. In the subject box of your email please enter Lot O8 Nottingham.
Total Current Rents Reserved Total £36,448 p.a.
Buyers Fee -The successful purchaser will be required to pay the auctioneers administration fee of £600 inclusive of VAT. Other additional costs/fees may apply please see Special Conditions of Sale.
This auction lot is now closed.
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|No.||Present Lessee||Accommodation||Terms of Lease Agreement||Current Rent £ p.a||Next Review / Reversion|
|41/43||Under Offer (1)||Gross Frontage
|45/47||Coral Estates Limited||Gross Frontage
|10 years from 25.03.2014
Rent review in the 5th year
(2) Subject to an option to break on the 6th anniversary
|£16,000 p.a.||Rent Review 2019 (2)|
|41a||Individual||First and Second Floor Maisonette||Assured Shorthold Tenancy from 27.06.2016 (3)||£4,800 p.a.||Holding Over|
|43a||Individual||First and Second Floor Maisonette||12 month Assured Shorthold Tenancy from 07.11.2017 (4)||£5,400 p.a.||Reversion 2018|
|45a||Individual||First and Second Floor Maisonette||Assured Shorthold Tenancy from 16.12.2008 (5)||£5,220 p.a.||Holding Over|
|47a||Individual||First and Second Floor Maisonette||Assured Shorthold Tenancy expiring 21.05.2019 (6)||£5,028 p.a.||Reversion 2019|
|Total £36,448 p.a.|