Savills auction lot · Nottingham240-242 Ilkeston Road, Nottingham, NG7 3EA

Commercial in Nottingham (NG7 3EA), for sale by auction with Savills on 8 December 2026, lot 505. Guide £110,000+.

Finance view

Good

Lendable, with points a lender will check first. The loan that fits: Commercial bridge, as this is a commercial or mixed-use property.

Likely loan
Up to 65% of the priceOn the purchase price
On the expected hammer
About £82,000The guide plus 15%; Savills lots have sold at +22% on the guide (median of 248)
Example rate
0.9% to 1.25% a monthArrangement fee about 2%

What a lender will look at

  • Check Outside London and the Home Counties (Nottingham): fewer lenders, and values need strong local evidence

Information a lender will need first

  • The lease length (years left)
  • The lease, the rent and the tenant's accounts
What a lender will ask you for on a commercial bridge
  • Photo ID and proof of address
  • Proof of your deposit and where it came from
  • The legal pack, read by your solicitor before you bid
  • Your exit plan: sale or refinance, with evidence (comparables, or a mortgage in principle)
  • The lease, with the ground rent and service charge
  • The leases, the rent roll and the tenants' accounts
  • The use class and any planning history
  • A valuation, which the lender instructs

We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Ratings and figures are a guide from the published facts, not an offer of finance or advice. Stations from NaPTAN.

Closest comparables

No close sales of homes like this one yet: see what is on the market below.

On the market now

Asking prices for property in NG7 on the property portals: their listings, opened in a new tab.

Also at auction nearby

Sold prices: HM Land Registry Price Paid data, Crown copyright, Open Government Licence. Floor areas: the EPC register. Contains OS data © Crown copyright (Code-Point Open).

Lot details

Auction
SavillsTue 8 Dec, lot 505
Guide price
Guide £110,000+Expected hammer is usually higher
Property
Commercial | Leasehold
Tenure
Leasehold
Occupancy
Tenanted
Floor area
1,274 sq ftAuctioneer's figure
Area
NottinghamEast Midlands

Ask us to look into this lot: free

We grade vacant homes inside the M25 automatically. This lot has the basic details only, because it is outside the M25. Tell us what you need and we'll come back to you, usually within a working day.

What would help? (tick all that apply)

Free account

Under a minute: full reports on request, graded London lots, saved lots and alerts. Nothing to pay, ever.

Free, with no card and nothing to pay, ever. By creating an account you agree to the terms and the privacy notice: we keep your details and the lots you look at, and may contact you about your search and about finance.

Listing and legal pack on Savills' site ↗

How much could you borrow on this lot?

See the loan on this lot's guide price with the build cost funded, and change any figure. Free with sign-up.

The figures for this lot show once you sign up.

We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch.

Email me new lots like this in Nottingham

How often