Parking/garage for sale in Nottingham NG9, 0 Bedroom

Lot 148 - This lot is for sale by auction as lot 148 on Thursday 25th October 2018.

Thirty-Five Garages occupying a Site extending to Approximately 0.106 Hectares (0.261 Acres). Twenty-Two Garages subject to Licences. Thirteen Garages Vacant. Possible potential for Redevelopment subject to obtaining all necessary consents

Total Current Rent Reserved

£14,880 per annum (equivalent) from 22 Garages with 13 Garages Vacant

Tenure
Freehold.

Location
Meadow Road runs to the south of Station Road and to the north of Canal Side in a predominantly residential area. Local amenities are available in Beeston, with the extensive facilities of Nottingham city centre also being accessible to the south-west. The open spaces of Wier Field Recreation Ground are to the south and the campuses of both Nottingham University and Nottingham Trent University are also close by. Rail services run from Beeston Station and the M1 Motorway is to the west.

Description
The property comprises a total of thirty-five garages (34 single garages and 1 double length garage) which are of brick construction beneath corrugated roofs. Each garage has an up-and-over metal door. The garages occupy a site which extends to approximately 0.106 hectares (0.261 acres).

Accommodation
34 Single Garages 1 Double Length Garage Site Area Approximately 0.106 Hectares (0.261 Acres)

Tenancy
22 garages are each subject to a quarterly licence agreement at a total current rent of £14,880 per annum. At the time of printing, thirteen garages are currently vacant. This may change. Prospective purchasers are therefore advised to consult the auction addendum immediately prior to the sale for up to date tenancy details.

Planning
Local Planning Authority: Broxtowe Borough Council.Tel: The site may afford possible potential for residential redevelopment, subject to obtaining all necessary consents.

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.