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57 Bath Street, Ilkeston, Derbyshire DE7 8AH

Lot no: 17 Sold at Auction for £80,000
 

Guide Price £73,000+ 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.

Friday 14th December 2018

11.30am
Key Features
  • Excellent freehold retail investment opportunity
  • Family run hair and beauty salon with yard to rear
  • Well positioned within busy pedestrianised shopping area
  • Let on lease until April 2022 producing £10,000 p.a.
  • EPC Rating: D
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Sold at Auction for £80,000

Commercial Property

Property Description:

DRAFT DETAILS AWAITING VENDOR APPROVAL. The property is of brick construction with secure roller shutters to the front and is well located within the pedestrianised retail area in the heart of Ilkeston town centre.

The sale is for the ground floor only. The first and second floor accommodation belongs to the neighboring property and is NOT included in the sale.

The business is a successfully family run hair and beauty salon and offers 563 sq ft of accommodation with a separate beauty room extending to a further 97 sq ft. At the rear of the shop is a small kitchen with sink unit and a separate wc. There is an outdoor yard area extending to 334 sq ft which is accessed from the kitchen.

Ilkeston is a market town approximately 8 miles from Nottingham and 10 miles from Derby. The unit is located on the prime pedestrianised retail pitch adjacent to Wilkos.

Accommodation:
Retail area: 52.35m2 (563 sq ft)

With secure gated access to passageway to the right of the premises.

Beauty Room: 9m2 (97 sq ft)
Kitchen: 6.9m2 (74sq ft)

With sink unit and radiator.

WC
Outside Area: 31m2 (334sq ft)

Rear yard with fire escape access.

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.