fbpx
My Favourites
Free sales valuation
To register for remote bidding in our next National Property Auction click here

51 & 51a Oxford Street, Ripley, Derbyshire DE5 3AH

Lot no: 58 Sold After Auction
 

Guide Price £125,000+ 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 31st May 2018

11.30am
Key Features
  • Superb mixed investment property
  • Potential income of £17,240 per annum
  • Ground floor Café let at £3,125 per quarter
  • Three bedroomed flat above (prev. let at £395 pcm)
  • EPC Rating: Retail: G; Flat - E
Add to favourites
Sold After Auction

Mixed Use

Property Description:

The accommodation briefly comprises –

Ground Floor Sales Shop/Café 47’1” x 13’9”
Kitchen and Customer Toilets 15’2” x 13’9”
Rear Storage 13’9” x 4’

On the first floor there is a three bedroomed flat.

A spacious three bedroomed well presented flat with gas central heating and double glazing where stated –

Entrance Hall

With radiator and stairs to first floor.

Lounge 21’6” max x 13’3” max

With central heating radiator, decorative coving to the ceiling and inset fire with surround.

Dining Room 13’7” x 13’2”

With central heating radiator.

Kitchen 7’6” x 7’4”

Fitted with a range of wall and base units comprising cupboards, drawers and work surfaces with inset one and a half bowl stainless steel sink unit having mixer taps over, integrated oven and hob, part tiled walls and appliance space.

Bedroom One 17’2” x 12’1”

With storage cupboards and PVC double glazed window.

Bedroom Two 20’2” x 12’6”

With central heating radiator and window.

Bedroom Three 7’11” x 15’8”

With central heating radiator and window.

Bathroom 15’3” x 7’11”

Fitted with a white suite comprising panelled bath with shower over and shower screen, wash hand basin, central heating raidtar. Airing cupboard housing hot water cylinder and central heating boiler.

Separate WC 5’7” x 3’7”

With white wc.

Lease Details

The property is let on a 15 year lease from 11th March 2008 subject to 5 year reviews. The review in 2013 did not take place. The tenant is responsible for all utility costs, business rates and contribution towards the business insurance premium. Please note the marketing agents have not had sight of the lease. The first floor flat is vacant. The flat has been previously let at £4,740 per annum and the café produces a rental of £12,500 per annum.

Planning

Planning has current A1 retail or A3 hot food take-away. Contact Amber Valley Borough Council on 01773-570222 for all planning enquiries.

Tenure:

Freehold. Subject to tenancy.


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.