Commercial Property
DRAFT DETAILS - AWAITING VENDOR APPROVAL
Both the ground floor and first floor are self-contained. The accommodation presents well and has been maintained in accordance with the obligations within the lease.
The ground floor is fitted out as a shop and is leased to Hamilton’s School Wear on a 10-year internal repairing lease from 16th June 2016, producing a annual rent of £9600. The lease is outside the Landlord and Tenant Act 1954 Part II.
The first floor is fitted out as a Restaurant with the lease being held in the tenant’s personal name. They hold a 10-year internal repairing lease from 8th March 2018, producing an annual rent of £9600. The lease is outside the Landlord and Tenant Act 1954 Part II.
The property is prominently positioned on Granby Street fronting Heanor Road, close to Ilkeston town centre. Ilkeston lies approximately 10 miles west of Nottingham City Centre and approximately 8 miles north east of Derby City Centre.
Retail Sales Area: 94.8 (1,020sq ft)
Retail Sales Area: 80.9 (1,891sq ft)
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.
