Commercial
Occupying a prominent road frontage, an opportunity to acquire an end terraced sales shop with self-contained first floor flat having good quality accommodation, the ground floor, until recently being run as a hairdressers business, and suited for that or other purposes, with the benefit of a first floor flat a rental yield of £4,200 per annum, and an income from an advertising hoarding on the gable wall.
There is unrestricted on-street parking. Subject to a lease of the ground floor premises, the whole property can yield an income of between £8,000 and £9,000 a year.
In more detail it comprises -
Sales Shop 18'6" x 14'8" mean
With uPVC double glazed entrance door, electric roller shutter metal blind to main display window and similar manual to small window, laminate floor.
Inner Shop/Salon 12'5" x 14'2" to chimney recess
Having carcassing and plumbing in place for three wash basins, recessed coat rail, window to side elevation, laminate floor.
Staff Room/Kitchen 12'10" x 7'11"
Having work surface with inst stainless steel sink, uPVC double glazed rear entrance door. Access off to -
WC
With wash basin having tiled floor and majority tiled walls.
A gated side footpath leads to the rear and an external metal staircase to the first floor flat.
Enclosed Entrance Porch
Kitchen
With stainless steel sink unit.
Recently Refitted Bathroom
With white suite of panelled bath, pedestal wash basin and low flush wc.
Sitting Room
With gas fire.
Large Storage Area/Study Space
Double Bedroom
With two uPVC double glazed windows to front elevation.
Outside
Small stepped forecourt. Gated side footpath to rear. Enclosed yard with brick storeplace and wc.
Rental Details
The hairdressing salon/sales shop is vacant but was last let at £500 per calendar month (£6,000 per annum)
The self-contained first floor flat is let at £350 per calendar month (including electricity but excluding other bills).
There is a lease in respect of the advertising hoarding to the gable wall at a rental income of £180 per annum.
TOTAL POTENTIAL INCOME - £10,380 per annum approx.
Directions
From Heanor Market Place proceed along Church Street and at the traffic lights bear left down the hill, which becomes Mansfield Road. At the next set of traffic lights continue straight ahead into Station Road (Langley Mill) and the property will be found on the left hand side after some 200 yards.
Vendors Solicitors/Licensed Conveyancers
Nelsons, Pennine House, Stanford Street, Nottingham
Tenure
Freehold. Part let; part vacant.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale 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 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
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 credit card deposits.
The sale of each lot is subject to a contract documentation charge of £250 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 21st May 2009
At Pride Park Stadium, Derby
Commencing at 11.30 am
Retail/residential investment property
Ground floor sales shop; self-contained first floor flat
Former hairdressers business (now vacant)
Let flat at £350 pcm
