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Belper investment cottage and shop set to go under hammer

28th March 2014 – Anyone looking for their next property development project should head to next month’s Graham Penny Auctions Derby auction where a residential and retail property portfolio is set to go under the hammer with a guide price of only £75,000+.
110 Bridge Street in Belper comprises a double fronted vacant shop unit with upper floor accommodation, plus large attached stone cottage at the rear with planning consent to convert into four separate units. 

“This attractive spacious property really does represent an excellent development opportunity at a very sensible price,” explains auctioneer Graham Penny. “The property comes with existing planning consent for conversion into four separate units; a two bedroomed cottage, a one bedroomed cottage, a one bedroomed flat and the shop. The scope for this property is huge and I would recommend an internal inspection to assess the full potential of the property.”
Bridge Street - shopWith a guide price of £75,000+, 110 Bridge Street in Belper is to be sold on Thursday 10th April at the iPro Stadium by Graham Penny Auctions. The lot comprises a large freehold stone built property in prominent position on A6 being sold with full vacant possession. To the rear of the property is a storage area and a good sized raised cottage garden which is mainly lawned.
Graham Penny Auctions is the number one property auction house in the Midlands. It acts for both private individuals and institutions selling a wide range of interests, from investment properties and vacant houses to building plots, commercial properties and others and holds 21 auctions per year at the iPro Stadium in Derby, Nottingham Racecourse and the King Power Stadium in Leicester.
The legal pack for 110 Bridge Street will be available online for any potential buyers to view no later than seven days prior to the auction at 11.30am on Thursday 10th April at the iPro Stadium in Derby. Viewings are available by arrangement with Graham Penny Auctions.
To view the full catalogue for the Derby April auction CLICK HERE