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Lot - 14 Market Place, Ilkeston, Derbyshire, DE7 5QA Auction Lot £80,000+ - Auction Estates

Next Auction

08 October 2020

14 Market Place, Ilkeston, DE7 5QA

Guide Price: £80,000+


Key Features

  • Freehold retail unit with offices above, let and producing £13,000 per annum
  • Double fronted unit in a prominent position fronting Market Place
  • Suitable for a range of uses (STP)
Draft Details Only

Freehold double fronted retail unit with vacant upper parts previously used as hot food takeaway and restaurant (planning is still current A3/A5) currently used as A1 retail in a prominent position facing Market Place in Ilkeston. Let and producing £13,000 per annum.

• Double fronted shop and upper offices
• Prominent position facing Market Place & St Marys Church
• Nearby occupiers include William Hill, Max Speilmen
• GF - open planned "L-Shaped" area of circa 998 ft2
• Access to first floor to the rear of retail premesis
• FF - 3 x partitioned offices
• First Floor Offices circa - 465 ft2
• SF - 3 x partitioned store rooms
• Second floor stores circa - 467 ft2
• Property currently let as convenience store at £13,000 pa
• 6 year FRI lease from August 2019 (5 years remaining)
• GF was previously 2 shops and could be reinstated if vacant
• Previously let as hot food takeaway with A5 planning consent
• Opportunity to convert upper floors to residential STP
• Suitable for a range of uses (STP)


Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.


Please contact Auction Estates on 0115 7844 600

Important Notices


For each lot, a Buyers Fee of £1,200 +vat is payable to Auction Estates where the lot value exceeds £10,000, the Buyers Fee is £600 +vat.

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 FRI lease to Nabz Market for 6 years from August 2019 at a rent of £13,000 per annum


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