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Lot 12

Freehold Commercial/Residential Investment
Let to Coral until 2027 with no breaks
6 Week Completion

Situation

Occupying a prominent main road trading position in this established local parade, close to a Halfords and Spar and serving the surrounding residential area.
Nuthall Road (A610) is part of a main arterial road into the centre of Nottingham from the north, being approximately 3 miles from the City Centre and 2 miles from the M1 (Junction 26).

Property

A semi-detached property comprising a Ground Floor Betting Shop with separate rear access via a side alleyway to a Self-Contained Flat at first floor level.
In addition, the property includes a Rear Garden.

Accommodation

Ground Floor Shop
Gross Frontage 21'6”
Internal Width 21'2”
Shop Depth 21'8”
Built Depth 34'10”
WC
First Floor Flat
2 Bedrooms, Living Room, Kitchen, Bathroom/WC

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Coral Racing Ltd as a Bookmakers (see Tenant Profile) for a term of 16 years from 3rd February 2011 (with no breaks) at a current rent of £14,080 per annum exclusive.

Tenant Profile

The Coral brand of betting shops forms part of Entain plc, a FTSE 100 company that is one of the world's largest sports betting and gaming groups operating in the online and retail sector. Entain is licensed and operates in over 20 countries, across 5 continents around the globe (see: https://entaingroup.com/).

Note: We understand that the flat has been sub-let on an AST.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

365 Nuthall Road, Nottingham, Nottinghamshire NG8 5BU