Other
FOR SALE BY AUCTION: THURSDAY 9TH JUNE 2016.
AT IPRO STADIUM, DERBY.
COMMENCING AT 11.30 AM.
An excellent investment opportunity comprising 21 lock-up garages, 18 of which are let with an income of £8,700 per annum. (Potential income of £9,900 when fully let.) Excellent opportunity for further development subject to obtaining to necessary planning consent.
Location
Willn Street is situated within easy reach of a full range of local amenities, well placed for easy access to Derby City centre.
Vendors Solicitors/Licensed Conveyancers
Beightons, 4 Victoria Street, Derby DE1 1EQ. Telephone 01332-346430
Tenure
Freehold. Subject to leases.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 INVESTMENT OPPORTUNITY
21 lock-up garages, 18 of which are let
Producing an income of £8,700 p.a.
Scope for further development (stpc)
