Land adjoining 119, Vernon Road, Nottingham, Nottingham City, NG6 0AW
- PROPERTY TYPE
Land
- SIZE
Ask agent
Key features
- Former income-producing billboard advertising site
- Lease now lapsed opportunity to renegotiate terms
- Prominent and visible position
- Potential for renewed recurring income
- Established residential location
- Auction Date: 25th March - Please note you need to register to bid
Description
An excellent investment opportunity to acquire a parcel of land in a prominent and highly visible position adjoining 119 Vernon Road, within a well-established residential and commercial area of Nottingham.
Description
An excellent investment opportunity to acquire a parcel of land in a prominent and highly visible position adjoining 119 Vernon Road, within a well-established residential and commercial area of Nottingham.
The site has historically generated income through a lease agreement for billboard advertising, which has now lapsed. This presents an attractive opportunity for a purchaser to negotiate a renewal with the previous advertising provider or explore terms with an alternative operator, subject to any necessary consents.
Benefitting from strong passing traffic and excellent visibility, the land is ideally positioned for outdoor advertising, offering potential for recurring income generation. The surrounding area provides a consistent flow of vehicular and pedestrian movement, enhancing its appeal to advertising companies seeking prominent display locations.
This lot would suit investors seeking a hands-off income-producing asset, advertising operators looking to secure a strategic site, or local buyers exploring alternative uses (subject to the relevant permissions).
Tenure
Freehold
Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL - Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Brochures
Legal DocumentsOnline BiddingLand adjoining 119, Vernon Road, Nottingham, Nottingham City, NG6 0AW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- David Lane Tram Stop0.1 miles
- Highbury Vale Tram Stop0.4 miles
- Highbury Vale Tram Stop0.4 miles
Notes
Disclaimer - Property reference 332398. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Town & Country North West, Liverpool. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town & Country North West, Liverpool on 0151 453 3527.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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