Next auction Thursday 25th April 2.30PM

260 Nottingham Road, Ilkeston, Derbyshire, DE7 5BD



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Guide price

£75,000+


Property Type

Investment

Reception Rooms

1

Bedrooms

1

Bathrooms

1


Key Features

  • Freehold, mixed use investment property comprising a ground floor shop with self contained one bedroom flat above
  • Occupying a prominent corner position on the busy A609 in Ilkeston

Part of the 22 February 2024 auction
The Nottingham Racecourse at 2.30PM

Freehold, mixed use investment property comprising a ground floor shop with self contained one bedroom flat above located in Ilkeston

  • Occupying a prominent corner position on the busy A609
  • Situated less than a mile from Ilkeston Town centre
  • A short walk from Morrisons Supermarket
  • Situated in an established residential area
  • A 10 minute drive from J26 of the M1
  • Close to a variety of amenities: Shops, restaurants & pubs
  • Less than 1.2 miles from Ilkeston Train Station
  • 6.5 miles North West of Nottingham City Centre
  • 9 miles East of Derby City Centre
  • GF shop comprising of retail area, storage, kitchen & WC
  • Full shop measuring approx 377 sq ft
  • FF One bedroom self contained flat let at £4500 pa (£375pm)
  • Scope for GF conversion to residential (STP)
  • An ideal investment opportunity

Please contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,800 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 an AST of the first floor flat at £375 pcm. Ground floor shop has vacant possession.

Refer to Legal Pack

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