Retail Property (High Street)
A freehold mid terrace building located along Bath Street, Ilkeston offered with vacant possession upon completion, extending circa 10,000 sq ft. The property benefits from planning consent to the ground floor for 4 commercial units along with consent for two residential units above along with an office. Further consent we feel could be sought for an HMO owing to the substantial square footage available. If granted this could pose a substantial investment opportunity.
Interested parties are advised to inspect the planning portal of Erewash borough council ERE/0323/0047 along with the legal pack available from the SDL auctions website.
The accommodation comprises to the ground floor a former Nightclub with bar to the rear; along with rear and side fire escapes and roller shutters to the front elevation. There is also a disabled WC.
The first floor comprises open plan space with WCs to the rear and plant room.
The second floor comprises circa 850 sq. ft. of space and access onto the roof of the building. There could be scope to build above subject to any necessary planning consents.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
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.
