Commercial Property
The ground floor is currently fitted out as a barbers with a well appointed trading area off which there are two offices, a store and single wc. The first floor provides additional offices, a store, wc, shower and kitchenette. Subject to vacant possession and planning, the first floor may be suitable for conversion to residential (stpc).
Externally to the rear there is a gated yard which provides parking for two cars.
The premises are situated within the main Ilkeston town centre where there is an abundance of car parking and public transport links. Ilkeston is a popular market town within the Erewash Borough Council of Derbyshire and is situated approximately 7 miles west of Nottingham and 10 miles north-east of Derby.
(Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement First Edition.
We understand that all mains services with the exception of gas are connected to the property.
By way of a planning permission referenced ERE/1111/0006 consent was granted for Financial and Professional Services (Use Class A2). The currant occupier has implemented permitted change of use to retail (Use Class A1).
The premises are subject to an occupational lease on FRI terms expiring October 2020. The rent passing is £6,600 p.a.x.
The property is currently listed as shop and premises and has a rateable value of £7,200. (Source: VOA)
VAT will be payable at the current rate on the sale price
We are given to understand that the current open market rental figure would be in the region of £12,000 p.a. if the first floor were converted into residential accommodation.
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.
