Next auction Thursday 25th April 2.30PM

84 Bath Street, Ilkeston, Nottinghamshire, DE7 8FE



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Guide price

£75,000+


Property Type

Investment


Key Features

  • Freehold retail investment opportunity in the heart of Ilkeston town centre
  • Let at a current rent reserved of £5,833.33
  • An ideal investment opportunity

Part of the 26 October 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a retail investment property located in the heart of Ilkeston town centre, let to a coffee shop and cafe operator at a current rent reserved of £5,833.33 pax

  • On Bath Street, the main retail area of the town centre
  • Fronting the main bus stops on Bath Street
  • Close to Specsavers, Heron Frozen Foods & United Carpets
  • Forming part of a parade of similar shops
  • Ground floor cafe/coffee shop T/A Coffee n Cream
  • GF Sales Area: 54.1 sq m (582 sq ft)
  • FF Stores: 19 sq m (205 sq ft)
  • Total floor area approx 73.1 sq m (787 sq ft)
  • Source for floor areas: VOA
  • An ideal investment opportunity

Contact Auction Estates on 0115 7844 600

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.

Freehold, subject to the existing tenancy. The property is let to Coffee n Cream on a lease expiring 1st June 2024 at a current rent reserved of £5,833.33 pa

Refer to Legal Pack

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