Next auction Thursday 20th June 2.30PM

19-25 Underhill Walk, Burton upon Trent, Staffordshire, DE14 1DE



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Guide price

£150,000+


Property Type

Residential


Key Features

  • An opportunity to acquire a first floor car park comprising 203 spaces
  • Located in the heart of Burton upon Trent town centre on top of Coopers Square Shopping Centre
  • In 2022 it produced an income of £64,448.43 pax

Part of the 14 December 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a first floor car park comprising 203 spaces located in the heart of Burton upon Trent town centre, in 2022 it produced a total income of £64,448.43 pax

  • A long leasehold first floor car park comprising 203 spaces
  • Situated in the heart of Burton upon Trent town centre
  • Central location in an established retail area
  • Located on top of Coopers Square Shopping Centre
  • Coopers Shopping centre comprises 63 stores
  • Nearby retailers: M&S, Clarks, Boots, Next, Primark, Lloyds etc.
  • A 10 minute walk to Burton Train Station
  • Accessed via ramp off New Street
  • 203 pay and display parking spaces
  • Set on a site area of approximately 1.3 acres of prime retail parking
  • In 2022 produced a total income of £64,448.43 pax
  • An asset management opportunity
  • Potential development of the site (STP)
  • Ideal opportunity for investors
  • Red line plan is for illustration purposes only, refer to Title Plan (in Legal Pack)

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Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

To be offered on a Long Leasehold of 999 years commencing from 2022 (refer to Legal Pack)

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