Commercial Property
DRAFT DETAILS
The property fronts onto the busy Derby Road, within walking distance of Long Eaton town centre and excellent transport links. We have been informed that the public house is currently let at £13,000 p.a. increasing to £18,200 p.a in March 2020. There is also a function room with access from Derby Road and Oxford Street, which is currently vacant. The property offers significant accommodation extending to approximately 7,070 sq. ft. including the function room.
A pre-application enquiry has been made for 10 apartments, 4 on Derby Road and 6 on Oxford Street.
Pre-application Planning Enquiry Details from Erewash Borough Council. Application Ref. No: VGC/ENQ106642
We have been informed that VAT will be applicable.
The property briefly comprises:
7.6m x 17.6m
3.6m x 4.0m
3.0m x 4.0m
12.5m x 18.3m
Having stage and changing room areas, separate office, kitchen, access to large cellar.
2.5m x 3.9m
3.0m x 3.8m
2.9m x 2.8m
Freehold.
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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