Residential Development
Hillcrest is a former home for older people which closed in 2016. The building is of traditional brick construction beneath a pitched tiled flat felt roof with uPVC windows. The building extends to approximately 1,057.78 sq.m. (11,386 sq.ft) and the site area extends to approximately 0.67 acres (0.27 ha).
The property has conversion/redevelopment potential for a variety of uses including residential, subject to planning permission and prospective purchasers are advised to seek pre-application advice from the Planning Department at Erewash Borough Council.
The property is situated within the district of Kirk Hallam which is located on the edge of Ilkeston and has an excellent range of amenities including a town centre which has a pedestrianised shopping centre, an excellent range of independent shops, supermarkets and public houses/restaurants. There are primary and secondary schools, train station and Ilkeston is also strategically placed for the cities of Derby, Ilkeston and the M1 motorway. Excellent freehold development opportunity.
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.
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