Retail Property (High Street)
The premises comprises a three storey, mid-terraced property of a traditional brick construction beneath a pitched tile clad roof.
The ground floor incorporates an aluminium framed double glazed shop front. There are timber framed single glazed windows to the upper floors.
The auctioneers have not inspected the property internally but believe the accommodation provides a ground floor shop with
store, kitchen and wc facilities. This benefits from gas central
heating and has been finished with carpet floor coverings and
suspended ceiling incorporating florescent tube and spot lighting. The first and second floors provide ancillary space requiring refurbishment and modernisation.
The town of Alfreton is situated adjacent to the A38 dual carriageway which connects to Derby 13 miles to the south west and to Mansfield 9 miles to the east. The A38 also connects to J28 of the M1 motorway approximately 2 miles to the east, offering excellent road communications onto the regional and national road network.
The property is located on High Street one of the main shopping areas along with Institute Lane, Central Hall and Hall Street, all of which are in a short walking distance of the subject property.
Nearby retailers include a Tesco Superstore, Subway, Costa Coffee, Coop travel, Boots, Superdrug, Barclays, Nationwide, Lloyds and Yorkshire Bank.
Ground Floor - 38.9 sq.m (419 sq.ft)
First Floor - 28 sq.m (301 sq.ft)
Second Floor - 30.6 sq.m (329 sq.ft)
Total - 97.5 sq.m (1,049 sq.ft)
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement First Edition.
We understand that all mains services are available or connected to the property.
We understand that the property has a current planning consent for A1 (Retail) but may be suitable for a variety of different uses subject to planning consent.
All planning information should be confirmed with the local authority.
The property is currently listed as shop and premises and has a
rateable value a rateable value of £7,000. Source: VOA
All figures are quoted exclusive of VAT
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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