Mixed Use
A freehold mixed-use four storey property located along Bath Street, Ilkeston with potential to create an HMO subject to any planning required.
The ground floor commercial unit is occupied by a barbers producing £5,280 pa. A new 3 year lease (inside the Landlord and Tenant Act 1954) has been signed at £6,000 pa effective 01/03/2024. Upon inspection the unit was refurbished to a good standard with a small kitchen, wc and access to a yard at the rear of the premises. The unit benefits from a roller shutter and enjoys prominent position along Bath Street.
The residential part of the property is accessed from the rear via a footpath leading from Stamford Street. There is a secure entrance leading to an internal staircase to access the first floor. We noted a combi boiler in this location.
The first floor accommodation comprises:
Landing
Bathroom
WC
Kitchen
Living Room 20.79 x 15.07 (sq ft approximate)
The second floor accommodation comprises
Landing
Bedroom 1 14.97 x 13.97 (sq ft approximate)
Bedroom 2 14.96 x 20.79 (sq ft approximate)
Third floor (in the eves of the property. Not currently in use but accessible through a hatch for viewing)
Bedroom 3 14.97 x 10.73 (sq ft approximate)
Bedroom 4 14.98 x20.87 (sq ft approximate)
We feel the upper floors have scope to be let to separate tenants on a perhaps weekly rent basis with all bills included. Looking at demand and rents within the area circa £120 p/w per person could be commanded depending on specification, with a potential Gross income based on 4 tenants circa £25,000, giving a total potential Gross income of over £30,000 pa from the building.
This would be subject to planning and building regs. Interested parties are encouraged to inspect the property to appreciate the potential and inspect the legal pack
The premises are located on Bath Street, in the market town of Ilkeston, Derbyshire (within the Ilkeston Conservation area). Ilkeston is approximately 3 miles west of Junction 26 of the M1 Motorway, providing easy access into the neighbouring Cities of Derby and Nottingham.
Freehold. Part let/part vacant.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 Price
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.
