Mixed Use
***Superb freehold mixed use opportunity***
Offered for sale at a very attractive guide price, is a vacant, two storey, mixed use semi-detached property, occupying a strong trading position located at the end of Blagreaves Lane, situated within the the highly sought after suburb of Littleover.
Interestingly the large ground floor retail unit has undergone some improvements and is now offered for sale with vacant possession and ready to be re-let. The property was previously fully let with a combined gross income of £29,100 per annum and basing the former income against the current guide price, that would have represented an impressive 12.9% return.
The first floor flat was let on AST producing £7,500 per annum.
The main ground floor retail area offers 813sq ft of accommodation. In addition, there are several ancillary areas including storerooms, staff kitchen, staff toilets, staff office and boarding rooms for both birds and reptiles. To the rear of the premises are further rooms providing sawdust, firewood and a large wood store. There is an enclosed yard beyond. In our opinion there is scope for an extension, subject to obtaining the necessary planning consents.
The residential accommodation is accessed separately from the left of the shop front, leading to a stairwell to the first floor. The stairs lead to a first-floor landing, off which is a bedroom, bathroom, second smaller room used as a bedroom, kitchen and living room.
Comprising -
75.56m2 (813sq ft)
14.4m2 (155sq ft)
2.61m2 (28sq ft)
6m2 (65sq ft)
6.86m2 (74sq ft)
10.7m2 (115sq ft)
6.6m2 (71sq ft)
10m2 (108sq ft)
15.5m2 (167sq ft)
16.7m2 (180sq ft)
6.3m2 (68sq ft)
50.4m2 (543sq ft)
Comprising -
2.85m x 2.4m with rear facing window and electric radiator.
2.5m x 1.9m currently used for storage.
3.95 x 3.4m with front facing window and electric radiator.
2.2m x 1.55m with WC, wash hand basin and shower.
3.9m x 1.9m fully fitted with wall and base storage units, oven/hob, sink unit and rear facing window.
Rear yard extending to 50m2 (538sq ft)
Rivers and Seas - No Risk. Surface Water - Very Low.
TBC
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Sky and BT show as available in this location.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
- Heating Supply: Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Off Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 1.2% of the purchase price (subject to a minimum 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.
