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Commercial Development in Long Eaton

Former Southlands HOP, 21 Main Street, Long Eaton, Nottinghamshire NG10 1GU

Lot no: 47 Property type: Commercial Development 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* £295,000+plus fees Result Sold at Auction £730,000



Victorian house with substantial late extensions set on a freehold site extending to 1.28 acres approx, situated within literally yards of the town centre. Excellent redevelopment opportunity.

Property Description

Southlands HOP is a former home for older people which closed in 2015 and has remained vacant since that time. The site extends to approximately 0.518 ha (1.28 acres) and is adjacent to the Long Eaton Conservation Area (to the north of the site) and approximately 200m south of the designated Long Eaton town centre. The site comprises an original Victorian House with substantial later extensions at the side and rear. The buildings extend to approximately 1,268 sq.m (13,647 sq.ft). The property has conversion/redevelopment potential for a variety of uses including residential, subject to planning permission. Prospective purchasers are advised to seek pre-application advice from the Planning Department at Erewash Borough Council. An informal planning policy guidance statement has been prepared (on a without prejudice basis) by the Planning Department at Erewash Borough Council - a copy of which is included in the Legal Pack. The town of Long Eaton boasts an excellent range of amenities, a bustling town centre, recreational leisure facilities, numerous primary and secondary schools, the well known Trent Public School and road network connections with the A52 providing swift access onto the cities of Derby and Nottingham and the M1 motorway providing swift access onto further regional business centres. The sale provides a genuine opportunity for a discerning purchaser looking to acquire a superb freehold development opportunity located in a prime position.

Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.

Tenure

Freehold.


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.