Commercial
*UNSOLD AT AUCTION. AVAILABLE AND OPEN TO OFFERS.*
FOR SALE BY AUCTION: TUESDAY 21ST JULY.
AT IPRO STADIUM, DERBY.
COMMENCING AT 11.30 AM.
DESCRIPTION:
An excellent Investment opportunity to acquire this substantial building in a very prominent location on the corner of Victoria Avenue and Elm Street in the heart of Borrowash. The property is fully let and producing £16,740 per annum.
ACCOMMODATION :
Ground Floor:
Office and ancillary accommodation extending to 58.20 sq.m
First Floor:
Two bedroomed self-contained flat.
Outside:
Garage to rear
LEASE DETAILS:
The Ground floor retails unit is let to IMS Lettings ltd. at £12,000 per annum on a 10 year lease from 2011 expiring 2021.
The first floor flat is let on an Assured Shorthold Tenancy at £395 pcm (£4,740 per annum)
Energy Efficiency Ratings : Shop: G and Flat: F
TENURE : Freehold
SUBJECT TO TENANCIES
VIEWING ARRANGEMENTS
By arrangement with the Auctioneers – 01332-242880
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of all property is subject to a buyers fee of £750 (inc VAT).
*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. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
Mixed commercial/residential investment property
Fully let and producing £16,740 per annum
Office and ancillary accommodation extending to 58.20 sq.m
Two bed self contained flat above
EPC Ratings: Shop: G & Flat: F
