106 Bath Street, Ilkeston, Derbyshire, DE7 8FE
£65,000+
Mixed Use
2
Key Features
- Ideal investment opportunity with a possible combined ERV of £16,200 pa
- Ground floor retail unit let to Sun Mini Market
- Self contained access at the rear to the upper floors with planning for 2 x 1 bedroom flats
Part of the
26 September 2018
auction
Nottingham Racecourse
at
2.30PM
Three storey town centre property comprising ground floor shop (let) and two vacant upper floors with planning consent for two, one bedroom flats. Producing £7,200 pax with scope to increase to £16,200pa when converted.
- Adjacent to Specsavers in the retail centre of Ilkeston
- Ground floor let to Sun Mini Market at £7,200 pax
- Large retail sales area of approximately 643 sqft
- Rear stores & staff area of approximately 311 sqft
- Self contained access at the rear to the upper floors
- Architects plans show two spacious one bedroom flats
- Each flat is approximately 818 sqft
- Planning reference ERE/0617/0042
- ERV from 2 flats when converted & let of £9,000pa
- Combined ERV from shop & 2 flats of £16,200 pa
- Ideal investment development opportunity
Please 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 a 6 year lease (expiring in April 2024), let at £7,200 pax (next rent review April 2021) on the ground floor shop. The upper floors are offered with full vacant possession.
D
Email: stuart.burns@howespercival.com
Telephone: 0116 2473581