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Equestrian Facility in Ilkeston

Hollies Farm Stables, Spondon Road, Dale Abbey, Ilkeston, Derbyshire DE7 4PQ

Lot no: 22 Property type: Equestrian facility Auction type: Unconditional with Variable FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) and a buyer's fee of 4.8% inc VAT or 4.2% inc VAT in London (subject to a minimum of £6,000) and complete within a set time period. Please note the buyer's fee does not contribute towards the purchase price.

Guide Price* £205,000+plus fees Result Sold at Auction £225,000



A rare and fantastic opportunity in a well situated and very convenient location off Dale Road between Ilkeston and Spondon, being next door to Locko Park and open countryside with road access and bridle paths.

Property Description

The sale includes a stables block of 25 stables, a 31m x 31m menage and 14 acres of land in very well kept surroundings. The stable block is currently set up as self-managed and includes toilets and 10 store rooms. There are 12 stables which are 4.877 x 4.877 sq.m. and 13 stables which are 4.877 x 3.658 sq.m. and are rented out at £37.50 per stable per week producing a potentially great income when fully let. There is approx 14 acres of land included with bridle path access from the stables to the open countryside.

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 5% 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 this lot is subject to a buyers fee of 4.8% including VAT (or 4.2% including VAT in London), subject to a minimum of £6,000 including VAT. This does not contribute towards the purchase price and is 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. To find out more about any additional fees associated with this property please contact the auction office.