Development Site at former Pickled Newt Public House, 142 Cotmanhay Road, Ilkeston, Derbyshire DE7 8NZ

property

For sale by auction - Tuesday 8 September 2015

At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE

Commencing at 11.30am

Large development site in popular residential location

Permission granted for 6 apartments and 5 town houses

Two bedroomed properties with allocated parking

Popular residential location with good road links and close to amenities

Fantastic opportunity to acquire a substantial, cleared development site with planning permission granted for 6 x two bedroomed apartments and 5 x two bedroomed town houses, all with parking facilities. The site, formerly the Pickled Newt Public House, is situated in a sought after residential location, within easy reach of Ilkeston town centre and with good transport links to Derby, Nottingham and M1. We believe the site measures approximately 1560 square metres and that all services and connections are already installed.

Planning Details:

Planning permission was granted by Erewash Borough Council on the 25th November 2013 under application number ERE/1013/0005. A copy of the decision notice and plans are available on request from the auctioneers.

Tenure

Freehold. Vacant possession on completion.

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 fee of £750 (inc VAT) payable on exchange of contracts.

Viewings

By appointment with the auctioneers - 0115 958 8702.

*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.