Commercial
Draft Details Only- Awaiting Vendor Approval
Situated in the centre of the town, with a good range of facilities all immediately adjacent and with free car parking behind the property, an opportunity to acquire a recently renovated four storied building location right in the centre of the town, providing retail space at ground floor level, and four self-contained flats at upper floor level. Each flat has electric heating (modern storage heaters, kitchens have recently been refitted and contain a built in oven and hob and bathrooms, which have also recently been refitted have showers over bath. The property is in a Conservation area hence sash windows to the front elevation but side and rear elevations are all uPVC double glazed.
We understand that the property meets all necessary regulations and has a fire alarm installed.
In more detail it comprises the following -
Ground Floor Retail Sales Unit
Operating as a fast food take-away, together with preparation room/kitchen and storage. Door to small rear yard.
The flats are as follows -
Communal Entrance and Staircase to first floor.
Flat One
Having entrance lobby, sitting room, double bedroom, recently refitted kitchen, refitted bathroom with shower over bath.
Flat Four
Having entrance lobby, bedroom, sitting with refitted kitchen area, bathroom with shower over bath.
Second Floor -
Flat Two
Having entrance hall, bedroom, bathroom with shower over bath, sitting room, dining kitchen with modern range of fittings. Stairs to third floor - bedroom/hobbies room having two velux roof lights.
Flat Three
Having entrance lobby and stairs to third floor, bathroom with shower over bath, large living kitchen with modern fittings. Stairs to third floor and double bedroom with two velux roof lights.
Rent Schedule
At the time of publication of these particulars the property is fully let.
The shop is let on a 25 year lease from 2000 at a current rent of £6,300 per annum. The four flats are let on assured shorthold agreements at rents ranging from £315 to £360 per calendar month - £1,361 per calendar month in total.
Combined reserved rent currently - £22,632 per annum.
Vendors Solicitors/Licensed Conveyancers
H. Pipes & Co, 34 Market Place, Melbourne, Derbys - telephone 01332-862113
Tenure
Freehold. Subject to lease/tenancies.
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 or 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 or credit card deposits.
The sale of each lot is subject to a contract documentation charge of £350 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 9th July 2009
At Pride Park Stadium, Derby
Commencing at 11.30 am
Excellent mixed commercial/residential property
Let shop and four renovated upper floor flats
Fully let – reserved annual rent £22,632
Good standard of accommodation – regulation compliant
