28 Market Place, Kegworth, Derbyshire, DE74 2EE
£150,000+
Investment
Key Features
- A freehold commercial investment property comprising a ground floor hair salon (let) with self contained office space over ground, first and second floors (vac).
- Occupying a prominent position in the Market Place opposite the Co-op
- Hair Salon let at £10,400 pa. Upper floor offices vacant with scope for conversion to residential (STP)
Part of the
12 December 2024
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a freehold commercial investment property comprising a ground floor hair salon (let) with self contained office space over ground, first and second floors (vac). Current rent reserved from ground floor: £10,400 pa
- Occupying a prominent main road position in the Market Place
- Directly opposite the Co-op food store and main car park
- Ample on-street parking around the property
- Adjacent to a bus stop with regular services
- A short distance from J24 of the M1 Motorway
- Close to East Midlands Airport at Castle Donington
- Easy access to Nottingham, Leicester & Derby
- The Cutting Cottage Hair Salon (ground floor)
- Salon sales area: 389 sq ft, stores 59 sq ft & WC
- Ground floor self contained office entrance/stairs
- FF: two offices, WC/shower & kitchen (319 sq ft)
- SF: two office rooms (303 sq ft)
- Lower ground floor store (not inspected)
- Potential for conversion of office to residential (STP)
- An ideal investment opportunity
Contact Auction Estates on (0115) 7844600
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 the occupational tenancy. Ground floor shop let to The Cutting Cottage on a 6 year lease expiring in 2029 at a current rent reserved of £10,400 pax, rising to £12,000 pax in 2028. Upper floor offices to be offered with vacant possession upon completion.
Refer to Legal Pack