Development Site at Forum Road/Gala Way, Nottingham, Nottinghamshire, NG5

**Sale by auction - SDL PROPERTY AUCTIONS, Thursday 30th January 2025 at 9.00am (See brochure for more information)**

Property Description:
A cleared site extending to 2.04 acres or thereabouts

We are advised that part of the site benefits from a 20 year lease to Cityfibre Limited for a data storage/data centre facility with a current rent passing of £7,000 per annum from 25th February 2022. Interested parties are advised to inspect the legal pack for more information

We feel the site is suitable for a variety of uses, subject to obtaining the necessary planning consent

The site is referenced in the Nottingham City local plan as SR07 Hucknall Road/Southglade Road - Southglade Food Park suitable for employment uses.

Note
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure:
Freehold

Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fee apply:

* 10% deposit (subject to a minimum of £5,000)

* Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.