Land
*UNSOLD AT AUCTION. AVAILABLE AND OPEN TO OFFERS.*
Location
The site is in a well connected location with part frontage and visibility/access to Bath Street, close to its junction with Pelham Street. The site is shown edged red on the location plan at the rear of these particulars.
The site is within walking distance of all the essential town centre amenities, to the rear of the site the area is bordered by private sector housing, the frontage elements on Bath Street form part of a well defined retail core.
Ilkeston is a market town which is undergoing somewhat of a renaissance in terms of economic activity. The recent relocation of Derby College’s Erewash campus in Ilkeston to new purpose built accommodation at Pimlico has added a vitality to the central retail area. The site is within walking distance of Tesco and the town’s supermarket offer is shortly to be bolstered by the development of a new Morrisons store, off Nottingham Road. In addition, work is now under way on building a new Railway Station for Ilkeston, which effectively will re-open the Station closed 50+ years ago. This will provide rapid connections into Nottingham.
Description
The site broadly is arranged around a square "C" shape with retail understandably positioned at the frontage to Bath Street and on the return frontage along Pelham Avenue, with residential above, behind and to the side.
Planning consent has been secured for redevelopment and new development to offer the following housing and retail mix: Market Housing
4 No. 2 bedroom ground floor flats
1 No. 1 bedroom ground floor flat
2 No. 2 bedroom house - no garden
1 No. 1 bedroom house - no garden
3 No. 2 bedroom first/second floor flat
8 No. 1 bedroom first/second floor flat
19 units - market housing
In addition, provision exists for the creation of up to three retail units, where two could be joined as a pair - total floor area 2,172 sq ft.
Tenure
Freehold with Vacant Possession.
Planning/106
A resolution to grant Outline Consent was passed on 11 December 2013, subject to the completion of an S106 Agreement - details upon request.
Joint Agents
Rigby & Co, 6 Pride Point Drive, Pride Park, Derby DE24 8BX. Telephone 01332-203377
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
Superb development opportunity
Outline consent for 27 residential units and 3 retail units
Close to town centre
Mixed use investment opportunity
