Car park to the North of Bestwood Park Drive West, Nottingham NG5 5DF

A freehold car park comprising approximately sixty spaces along with a telecommunications installation. The vendors have been advised by a major parking operator an income of circa £223,000pa could be derived from parking on site.

Telecommunications installation:
We have had sight of a signed agreement for a period of 10 years commencing August 2026 at £2,629.40pa. Please see the legal pack for more information.

Rights benefiting adjoining units:
The registered title contains certain rights benefiting the adjoining commercial units, including rights of access and rights to park in spaces designated by the freeholder. Please see the legal pack for more information.

We feel that in addition to the potential income from implementing parking charges there is scope for development subject to planning.

The car park is situated to the north of Bestwood Park Drive West, NG5 5DF, within the established residential area of Bestwood Park, Nottingham. The site adjacent to a range of local shops, convenience stores and everyday amenities, providing useful facilities for residents and visitors within the surrounding neighbourhood.

Auction Details

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

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

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

• Buyer’s Fee of 1.8% inc. VAT of the purchase price (subject to a minimum of £1,800 inc. VAT)

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding 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.