Mixed Use
The shop is located within the busy pedestrianised retail area of Bath Street within the heart of Ilkeston town centre. The flats are accessed from the rear of the shop premises via a shared passageway to the right of the shop entrance.
The ground floor retail area, formally two separate shops offers 72.75 sq.m. (783 sq.ft.) of accommodation. The current annual rent is £5,400 however the previous income was £8,000 p.a. when leased separately. At the rear of the shop is the doorway leading to the ground floor staff kitchen/store area and staff WC.
Each of the flats have been refurbished to a high standard and are both let producing £10,300 p.a. The previous gross annual income for the residential and retail combined when fully let was £21,000 p.a.
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 between Market Place and the Albion Centre.
Large retail space that was previously two separate shop units.
Comprising -
With wooden floors, radiator and floor-to-ceiling double glazed windows overlooking the front of the premises.
With wall and base units, wash hand basin, hob/oven/extractor.
With lino floor and tiled walls, bath/shower, wc and wash hand basin.
With radiator, wooden floors, double glazed window overlooking front of premises.
With radiator, double glazed window overlooking rear of premises and wooden floors. The main bathroom is accessed via the second bedroom.
With bath/shower, wash hand basin and wc.
Accessed via a stairwell from the rear of the property up to the first floor.
With wooden floors, radiator and double-glazed window overlooking the front of the premises.
With wall and base units, wash hand basin, hob/oven/extractor.
Bathroom and both bedrooms are accessed via a stairwell to the second floor.
With lino floor and floor-to-ceiling tiled walls, bath/shower, wc and wash hand basin.
With radiator, wooden floors, double glazed window overlooking rear of premises.
With radiator, double glazed window overlooking front of premises and wooden floors.
A shared passageway to the right of the shop entrance leads to the rear of the property where there is a small yard/bin store area. Both flats are accessed from here.
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.
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