Other
FOR SALE BY AUCTION: WEDNESDAY 24TH FEBRUARY 2016.
AT IPRO STADIUM, DERBY.
COMMENCING AT 11.30 AM.
DRAFT DETAILS ONLY.
A substantial freehold investment property situated on Main Street, Long Eaton offering excellent potential for further development subject to obtaining the necessary planning consents.
The building currently comprises a large retail unit with five self-contained one bedroomed flats above, workshops/storage areas and licensed taxi office to the rear with access from Bank Street. Subject to obtaining the necessary planning consent there is an opportunity for a potential purchaser to further develop and either increase the number of residential units or divide the retail space.
Long Eaton is located approximately 7 miles south-west of Nottingham and 10 miles east of Derby and 13 miles north of Loughborough. The town is well located to the east of the M1 motorway whilst there are regular direct train services from Long Eaton to London St. Pancras with a journey time of approximately 1 hour, 40 minutes.
The accommodation in more detail comprises
With access from Main Street a Substantial Lock-Up Double Fronted Retail Unit with Further Store Room and Office to the rear, Attached Double Garage which is accessed from Bank Street with up and over doors, car parking for three cars and a Detached Building which is licensed with Erewash Borough Council as a taxi office.
Via a separate access from Main Street there is an entrance door to
Entrance Hallway
With stairs to first floor with door providing access to
Flat One
With Lounge, Open Plan Kitchen, Bedroom and Bathroom.
Further stairs to the second floor provide access to
Flat Two
With Entrance Lobby, Lounge, Separate Kitchen, Bathroom, Inner Lobby and Bedroom with Separate Dressing Area.
With access from Bank Street there is an
Entrance Hallway
With Downstairs Cloakroom, stairs to the first floor with door to
Studio Flat
With Open Plan Studio and Bathroom.
Further door to
Flat Two A
With Lounge, bathroom and kitchen.
Stairs to Second Floor Landing.
Door providing access to
Flat Two C
With Lounge, Kitchen, Bathroom and Bedroom.
Buyers Note
In 2010 the roof of the property was replaced along with the chimneys. This work was grant funded by the Long Eaton Townscape Heritage Incentive.
Vendors Solicitors/Licensed Conveyancers
Geldards, 1 Pride Place, Derby DE24 8QR telephone 01332-331631
Tenure
Freehold.
Flats sold subject to tenancy.
Vacant possession on completion of ground floor retail.
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
EXCELLENT FREEHOLD INVESTMENT PROPERTY
Substantial building with excellent potential
Prominent position
Current accommodation five flats, retail unit and licensed taxi office
EPC Ratings : Retail - D & Flat 1- D; Flat 2- F; Flat 2a- F; Flat 2b- F; Flat 2c- F
