Commercial Property
The property comprises a commercial property investment split into three separate units, arranged over ground and first floor. The property is well located at the end of Godfrey Street, just off the main square in the small hill-top market town of Heanor. The ground floor units are let to a Micro Brewery on a 5 year lease at £7,000 per annum and to a local occupier by way of a tenancy at will. The first floor unit is currently vacant and offers scope for future development subject to necessary consents being granted. The accommodation comprises –
A ground floor unit currently tenanted on a 5 year lease from 29th July 2016 at £7,000 per annum. Layout: Bar Area, Hallway, Beer Cellar, Snug and Two WC's.
Currently occupied by Jos Emporium as tenants at will. Layout: L-shaped Open Plan Sales Room with Small Kitchen and WC to ground floor, with two rooms to the first floor with separate access to the rear, providing accommodation suitable for storage purposes or office accommodation.
Having a separate access between units 1 and 2. This first floor unit has the potential to convert into a self contained flat (subject to the relevant consents being approved). This has previously been used for offices and storage and is split into five rooms.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
