Commercial
FOR SALE BY AUCTION: THURSDAY 22ND OCTOBER 2015.
AT IPRO STADIUM, DERBY.
COMMENCING AT 11.30 AM
DRAFT DETAILS ONLY.
A substantial three storey investment property situated within the ever popular shopping area of Normanton Road with a prime double fronted shop to the ground floor with residential accommodation above.
The current income is £11,796 per annum.
Ground Floor
Retail Lock up Shop
With Toilet and Kitchen facilities.
A duplex to
Bedroom Flat
With Living Room, Kitchen, Bedroom, Shower Room, WC, Two Bedrooms.
Outside
To the side of the property there is a substantial lock-up store which offers potential (subject to the obtaining the necessary planning consent) for further accommodation.
Tenure
Freehold. Subject to tenancy.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
WWW.GRAHAMPENNY.COM
Investment opportunity
Substantial three storey accommodation
Prime double fronted shop to ground floor
Two bedroomed residential accommodation above
Current income £11,796 per annum
EPC Ratings : Shop - D and Flat - Awaited
