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Mixed Use in Ilkeston

95-97 Bath Street, Ilkeston, Derbyshire DE7 8AP

Lot no: 43 Property type: Mixed Use Auction type: Unconditional with Fixed FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) together with the buyers fee of £1074 and complete within a set time period.

Guide Price* £137,000+plus fees Result Available £150,000



An opportunity to acquire a double retail unit currently leased to one occupier with 2 x two bed flats above, also both fully let.

Property Description

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.

Retail Premises
Shop 72.75 sq.m. (783 sq.ft.)

Large retail space that was previously two separate shop units.

Kitchen/Store 7.7 sq.m. (83 sq.ft.)
Staff WC
FLAT 1 - 95A

Comprising -

Living Room 3.3m x 4.8m

With wooden floors, radiator and floor-to-ceiling double glazed windows overlooking the front of the premises.

Kitchen 3.3m x 4.8m

With wall and base units, wash hand basin, hob/oven/extractor.

Bathroom 2.15m x 1.8m

With lino floor and tiled walls, bath/shower, wc and wash hand basin.

Bedroom One 3.7m x 3.8m

With radiator, wooden floors, double glazed window overlooking front of premises.

Bedroom Two/Bathroom 4.8m x 3.7m

With radiator, double glazed window overlooking rear of premises and wooden floors. The main bathroom is accessed via the second bedroom.

Bathroom 2.15m x 1.8m

With bath/shower, wash hand basin and wc.

FLAT 2 - 97A

Accessed via a stairwell from the rear of the property up to the first floor.

Living Room 3.8m x 4.8m

With wooden floors, radiator and double-glazed window overlooking the front of the premises.

Kitchen 2.9m x 2.8m

With wall and base units, wash hand basin, hob/oven/extractor.

Bathroom and both bedrooms are accessed via a stairwell to the second floor.

Bathroom 2.9m x 1.7m

With lino floor and floor-to-ceiling tiled walls, bath/shower, wc and wash hand basin.

Bedroom One 4.85m x 2.1m

With radiator, wooden floors, double glazed window overlooking rear of premises.

Bedroom Two 3.6m x 3.75m

With radiator, double glazed window overlooking front of premises and wooden floors.

Outside Area

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.

Tenure

Freehold. Subject to tenancy.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.