Commercial
FOR SALE BY AUCTION - THURSDAY 11TH SEPTEMBER 2014
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
A substantial freehold investment property situated in the village of Spondon surrounded by a mix of retail, commercial and residential properties. The property is divided into two ground floor retail/service premises with a further first floor studio/showroom. The property has recently been refitted and has been well maintained by the current owner. The accommodation comprises
Number 43 Moor Street
A veterinary practice currently let at £9,600 per annum for a period of 10 years with retail sales area measuring 13'2" x 21'4", kitchen 9' x 7', staff toilet with wc and basin, treatment room 11'6" x 9'6", pharmacy 8'9" x 6'3", storage room 23' x 10'.
Number 41A Moor Street
A well appointed hair-dressing salon which is currently vacant but has previously been let at £6,000 per annum with salon measuring 21'8" x 11'5", further treatment area measuring 11'2" x 9'9", store room and wc
Number 41 Moor Street
A first floor salon/treatment premises which could be used for a variety of purposes such as office accommodation, retail sales or showroom. Previously this has been used as a bridal showroom with a retail sales area. Well appointed and measuring 25' x 21'6" with further wc and restroom facilities measuring 5'3" x 8'9".
Outside
The property occupies a substantial plot with a car park to the rear.
Vendors Solicitors/Licensed Conveyancers
Ashton Bond Gigg, Pearl Assurance House, Friar Lane, Nottingham NG1 6BX telephone 0115-947 6651
Tenure
Freehold. Part let; part vacant.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 deposits.
The sale of each lot is subject to a buyers contract handling fee of £750 (inc VAT) payable on the fall of the hammer.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
WWW.GRAHAMPENNY.COM
Superb detached investment property
Potential income £20,000 p.a.
Three commercial units
Substantial car park to rear
Scope to further increase current income
EPC Ratings : 41 – F and 41a – G and 43 – F
