New owner on the menu for Birmingham's Turtle Bay as £1.18 million sale completes

06 October 2016

Following a successful September sale, Savills has released its catalogue for the next regional auction, which will take place on the 20th October 2016 at the Centenary Suite, Nottingham Racecourse at 2.30pm.

Up to 30 lots offer a wide variety of opportunities across the residential and commercial property market, to include:

Lot 5, 36 Sadler Gate in Derby. A freehold retail investment, which comprises a bar and restaurant set across three floors of a Grade II Listed property and offers an annual rental income of up to £25,000. The property is guided at £225,000 - £250,000.

Lot 7, land on Retford Road in Worksop. A rare opportunity to acquire a 2.2 acre (0.9 hectare) commercial development site, which is suitable for a variety of uses subject to planning consent. The property is being offered at a guide price of £300,000 - £350,000.

Lot 15, The Vicarage at 1 Stoney Lane in Glentworth, Lincolnshire. A four bedroom modern detached property set within a popular village location. The freehold is available at a guide price of £185,000.

Lot 20, 19 Brooklands Drive in Carlton, Nottingham. A traditional three bedroom semi-detached property in need of a full upgrade and modernisation. The property, which is situated in well established residential location  is being offered at a guide price of £80,000 - £100,000.

Lot 27, 38 Lambley Lane in Gedling, Nottingham. The opportunity to acquire a spacious four bedroom property situated in a peaceful secluded location not far from Gedling Country Park guided at £250,000.

Lot 30, Coach Gap Lane Industrial Park in Langar, Nottinghamshire. The chance to purchase a freehold industrial investment. The 12 unit park generates an annual income of £10,500 and has the potential for further income and future asset management following vacant possession. The industrial park is being offered at a guide price of £200,000 - £240,000.

Victor Ktori, head of office at Savills Nottingham, comments: “The October auction again offers a diverse range of properties across a wide geographical spread. Despite market uncertainty following the EU referendum, there continues to be an emphasis on investment opportunities as purchasers look to take advantage of the good returns offered by commercial lots, which remains a strong asset class.”

Bob Crocker, head of residential auctions at Savills Nottingham, adds: “These lots offer excellent potential to both private investors and prospective homeowners looking to secure a quick and efficient purchase via the auction process. Whether you want a house ready for occupation or a project in need of refurbishment or modernisation, there are a number of opportunities available across a wide spectrum and covering all size pockets.”

 
 

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Richard Fletcher-Brewer

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Savills Margaret Street

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