An excellent and unique opportunity to acquire a commercial investment, producing a net income of circa £31,000 p.a. but when fully let has the potential to produce circa £81,000 p.a.
The building was formerly a school built in the early 1900’s which has been converted and fitted out to provide office facilities and day care facilities for over 50’s in the area. The single storey accommodation provides a reception area with canteen, day care centre, six administrative offices, two large conference/meeting rooms, two storage rooms and ladies/gents/disabled WC facilities. Externally, there is parking for circa 12 vehicles. The owner of the property has recently submitted a planning application for Change of Use to 13 apartments (12 x 1 bed and 1 x 2 bed apartments). The application will be available to be viewed on Erewash Borough Council Planning website Ref: 032252. The premises sit just on the edge of Long Eaton Town Centre. Long Eaton is a medium sized market town conveniently situated within the M1 corridor between the cities of Derby and Nottingham.
SCHEDULE OF ACCOMMODATION:-
71.9m2 (774 sq ft)
Parklands Day Centre:
48.9m2 (526 sq ft)
27.9m2 (300sq ft)
21m2 (226 sq ft)
Haunted Happenings Office:
28m2 (301sq ft)
15.1m2 (163 sq ft)
17.8m2 (191 sq ft)
60m2 (646 sq ft)
60.1m2 (647 sq ft)
10.9 (118 sq ft)
10.6 (114 sq ft)
12.7m2 (137 sq ft)
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
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.
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.