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10 West Street, Swadlincote, Derbyshire DE11 9DE

Lot no: 48 Sold at Auction for £111,000
 

Guide Price £69,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 22nd February 2018

11.30am
Key Features
  • Attractive retail shop with two storey accommodation above
  • Situated in the heart of the town centre (Conservation area)
  • Enclosed garden to rear with outbuildings and car park
  • Excellent freehold investment opportunity
  • EPC Rating: E
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Sold at Auction for £111,000

Commercial Property

Property Description:

Situated in the heart of the town centre (Conservation area) is a very attractive semi-detached retail shop with two storey accommodation above and outbuildings with enclosed garden and car park to rear which would allow itself for further redevelopment (stpc).

Ground Floor:

Office/retail shop, office/kitchen, internal wc, door leading out onto enclosed garden with brick built outbuildings.

First Floor:

Landing, two store rooms and office.

Second Floor:

Two store rooms.

In total the accommodation extends to 1,515 sq. ft. (140.65 sq.m.).

This superb freehold investment opportunity will allow itself for a number of different uses (subject to the usual planning consents) and represents an excellent opportunity at a very attractive guide price.

Ground Floor Office/Retail 320 sq. ft. 29.74 sq.m
Office/Kitchen 240 sq. ft. 22.27 sq.m
Internal wc & Stores 238 sq. ft. 22.11 sq.m
(Please note these are accessed externally only)

First Floor Store 290 sq. ft. 26.92 sq.m
Store 132 sq. ft. 12.25 sq.m
Office 81 sq. ft. 7.56 sq.m

Second Floor Store 132 sq. ft. 12.25 sq.m
Store 81 sq. ft. 7.56 sq.m

GIA 1,514 sq. ft. 140.65 sq.m

Car Park to Rear
Tenure:

Freehold. Vacant possession upon completion.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.