Commercial
FOR SALE BY AUCTION: THURSDAY 19TH FEBRUARY 2015
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
Excellent commercial/residential investment opportunity situated in a prominent location just off fashionable Friar Gate comprising retail sales shop with residential accommodation above. The residential accommodation is currently let at a rent of £7,200 per annum whilst the shop is occupied by the current owner.
Lock-Up Retail Shop
With
Retail Sales Area 33' x 16'
With Kitchen and Wash Room facilities.
Separate Access leading to Self-Contained Flat
Having
Entrance Hall
With stairs to first floor.
Landing
With doors off to the open living area and bathroom.
Open Plan Living/Kitchen Area 16' x 12'9"
The kitchen area being fitted with a range of wall and base units comprising cupboards, drawers and work surfaces with stainless steel one and a half bowl sink unit having mixer taps over, space for further kitchen appliances, laminate flooring, splashback tiling and PVC double glazed windows to the front elevation.
Bedroom One 11'8" x 7'3"
With PVC double glazed window and central heating radiator.
Bedroom Two 11'8" x 8'1"
With PVC double glazed window, fitted wardrobes and central heating radiator.
Bathroom
Fitted with a panelled bath having shower over, pedestal wash hand basin, low flush wc, splashback tiling, central heating radiator and PVC double glazed window incorporating an opaque glazed unit.
Vendors Solicitors/Licensed Conveyancers
Simpson Jones, 41 St. Mary's Gate, Derby DE1 3JX Telephone 01332 200200
Tenure
Freehold. Subject to tenancy.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 all property is subject to a buyers fee of £750 (inc VAT).
*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
Substantial investment property
Mixed retail and residential
Prominent position close to Derby City centre
Comprising a lock-up shop with student accommodation above
EPC Rating : Shop - C and Flat - D
