Commercial
Occupying a prominent road main location, this mixed residential/commercial property which is fully let and producing £9,000 represents an excellent high yielding investment opportunity.
The commercial premises on the ground floor are let to a company on a 3 year lease from April 2009 (expiring April 2012) at £375 per calendar month (£4,500 per annum).
The spacious two bedroomed flat on the first floor is let on an assured shorthold tenancy for a period of 12 months from March 2011. This is also let at £375 per calendar month (£4,500 per annum).
The property also has the benefit of an off road parking space and yard to the side and rear which the commercial element of the building has the benefit of.
Clay Cross is a popular area with an excellent range of amenities available locally including shops, schools and leisure facilities.
In more detail the accommodation comprises
Shop
Ground Floor - Large L-Shaped Showroom/Sales Area; Office and Kitchen, wc.
Flat
Ground Floor Lobby and staircase to the first floor. First Floor, Lounge, kitchen, two bedrooms, bathroom and wc.
Outside
Parking to the side and yard to the side and rear.
Directions
The approach from Derby is via the A38 heading north leaving the A38 as signposted for Alfreton. Continue through the centre of Alfreton towards Clay Cross and Chesterfield and upon entering Clay Cross the property is situated on the left hand side just after the traffic lights as denoted by our for sale board.
Vendors Solicitors/Licensed Conveyancers
Charles Newton & Co, 5 Alexandra Street, Eastwood, Nottingham NG16 3BD 01773-535535
Tenure
Freehold. Subject to 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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 buyers contract handling fee of £495 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 7th April 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
Excellent high yielding investment property
Mixed commercial/residential use
Fully let and producing £9,000 per annum
