HEB IS offering a number of commercial properties at its next auction in April – including the opportunity to buy a fully let Nottingham city centre office investment.
Located in Hounds Gate in Nottingham, the offices currently produce £32,000 per annum and are let on a five year lease with on-site parking. The property is being offered with a guide price of £275,000.
In Mansfield, on the instruction of Mansfield District Council, heb has been instructed to auction a surplus office building with a large car park in Market Warsop, which at one point was used as a convenience store. The property has a guide price of £150,000 and is suitable for a number of uses subject to planning, said Matt Hilton, partner at heb and auctioneer.
“Once again, we are offering a number of commercial properties which present lots of opportunities for investors and occupiers,” he said.
“Despite a difficult market place, the number of properties being offered for sale at auction is on the increase, as sellers can see the advantage of the intense marketing period and the certain timescale with an unconditional sale, often to a cash buyer”.
In Basford, on behalf of receivers heb is auctioning a detached two-storey workshop and offices and in Vernon Road, Basford, there is an opportunity to acquire double fronted shop buildings which can be split to provide two units.
In Ashbourne, Derbyshire, again on behalf of receivers heb have been asked to sell The Green Man and Blacks Head Royal Hotel in St John’s Street – thought to have once been owned by Sir Walter Raleigh. This a substantial historic hotel with bar, restaurant and conference facilities in the centre of the town with a guide price of £450,000 plus.
“With around £2million worth of property on offer at this auction there are some very well priced opportunities and I’m sure we will see some keen bidding on the day. We’ve found that people are becoming more confident about buying at auction and realise this is an excellent market place to grab a bargain, and the easy buying process is usually more cost effective than buying on the open market, with no risk of being gazumped.”
