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7 Lock-up Garages to the rear of The Crescent, Bilsthorpe, Newark, Nottinghamshire, NG22 8QX
Marketed by:
Auction Estates Limited
Cavendish Rd, Carlton, Nottingham NG4 3DZ, UK
01157 844 600
Garage Investment – Nottinghamshire
7 Lock-up Garages to the rear of The Crescent, Bilsthorpe, Newark, Nottinghamshire, NG22 8QX
Sold
£22,500+
Key Features
- An opportunity to acquire a freehold purpose built block of 7 garages located in the heart of Bilsthorpe. Part let 2 of the 7 garages at a combined rent of £445.68 pa (under market rent) An opportunity to acquire a freehold purpose built block of 7 garages
- Located in the heart of Bilsthorpe
- An active asset management opportunity An opportunity to acquire a freehold purpose built block of 7 garages located in the heart of Bilsthorpe. Part let 2 of the 7 garages at a combined rent of £445.68 pa (under market rent)
- Freehold block of 7 garages
- Located in the heart of Bilsthorpe Village
- Adjacent to Tesco's Express
Description
An opportunity to acquire a freehold purpose built block of 7 garages located in the heart of Bilsthorpe. Part let 2 of the 7 garages at a combined rent of £445.68 pa (under market rent) An opportunity to acquire a freehold purpose built block of 7 garages
Accommodation / Key Property Details
- Located in the heart of Bilsthorpe
- An active asset management opportunity An opportunity to acquire a freehold purpose built block of 7 garages located in the heart of Bilsthorpe. Part let 2 of the 7 garages at a combined rent of £445.68 pa (under market rent)
- Freehold block of 7 garages
- Located in the heart of Bilsthorpe Village
- Adjacent to Tesco's Express
- Situated within an established residential area
- Set to the rear of Bilsthorpe's main retail parade
- Great road connectivity, easy reach of A617 & A614
- Located 9 miles East of Mansfield and 14 miles West of Newark
Location
7 Lock-up Garages to the rear of The Crescent, Bilsthorpe, Newark, Nottinghamshire, NG22 8QX
Tenure
Freehold; verify title, lease terms, rights, covenants, easements and special conditions in the legal pack.
Development / Planning
Potential redevelopment opportunity (STP)
Auction Information
| Auctioneer | Auction Estates |
| Auction Date | Thursday 8 October 2026 at 2:30pm |
| Venue | Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE |
| Lot Number | 07A |
| Status | For Sale |
| Guide Price | £22,500+ |
| Buyer’s Premium | £1,800 inc VAT at the guide-price band |
| Additional Fees | Seller may charge additional completion fees; check Special Conditions in legal pack |
Investment Analysis
Investment Snapshot
| Guide Price | £22,500+ |
| Asset Type | Garage / Investment |
| Tenure | Freehold |
| HB Desktop Works Allowance | £3,000 |
| Buyer’s Premium | £1,800 inc VAT |
| Guide + Works + Buyer Premium | £27,300 |
| Passing Rent / ERV | No passing/ERV figure extracted from source particulars |
| Gross Yield on Guide | Not calculated |
| HB Base Value / GDV Screen | £25,000 |
| 75% Refinance Screen | £18,750 |
Market Comparables
The auction particulars are the primary factual source for this sheet. HB value screens are desktop estimates only. Before bidding, verify recent Land Registry sales or specialist commercial/land transactions matching the same micro-location, tenure, size, condition and use.
Proposed Works
HB desktop allowance: £3,000. Confirm scope through inspection, survey and contractor/QS pricing.
Rental Value
No passing/ERV figure extracted from source particulars. No unsupported market rent has been presented as achieved income.
Low / Base / High Investment Scenario
| Low | £20,000 |
| Base | £25,000 |
| High | £30,000 |
Specialist Commercial Analysis
Verify occupational leases/licences, rent collection, repairing obligations, VAT/business rates, service costs, covenant strength, access and title. ERV is not the same as achieved rent.
Maximum Bid Indicator
Capitalise verified sustainable income at an appropriate yield and deduct buyer premium, works, legal/professional, finance, holding, contingency and required return. SDLT/tax treatment is buyer-specific.
Strategy Recommendation
Income hold/value-add where passing rent and covenant support it; redevelopment only where planning/title evidence supports the alternative use.
Strategy Rating
Income Hold: ★★★★☆ | Value-Add: ★★★☆☆ | Development: ★★☆☆☆
Key Risks
Planning/consent conditions and implementation status; Legal-pack special conditions and seller fees; Physical condition and valuation/finance risk.
Analysis Confidence
High for facts directly reproduced from the Auction Estates particulars; medium/low for HB desktop works/value assumptions until direct comparable research, inspection, survey, legal-pack review and contractor/QS pricing are completed.
Auction Details :
Auction Estates Limited
Auction Date :
08/10/26
Lot Number :
07A
Property Location:
7 Lock-up Garages to the rear of The Crescent, Bilsthorpe, Newark, Nottinghamshire, NG22 8QX
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