Mixed Use
An excellent freehold investment opportunity to acquire a substantial commercial/residential property which has planning permission (ERE/1114/0050) for the change of use of a take-away to the conversion of seven self-contained one bedroomed flats. Alternative schemes may also be considered to include conversion to a 1 x two bedroomed and three bedroomed dwellings or HMO property (subject to usual planning consents).
The double fronted former take-away property consists of a shop front with a food preparation area, kitchen with dining room, inner lobby with staircase to first floor and lounge. To the first floor landing there are four bedrooms and a bathroom. Outside to the side of the property there is car standing space leading to a rear yard area with numerous outbuildings including a sun lounge, store rooms, wc and a generous sized raised garden.
The property is situated in the context of an established residential location conveniently positioned for Ilkeston town centre.
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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