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Mixed Use
DRAFT DETAILS
An infrequent and exciting opportunity to acquire a mixed commercial/residential property formerly ran as a successful newsagents for many years and with residential accommodation arranged over three floors which lends itself to conversion to a HMO property or flats subject to the usual planning and building regulations. The freehold property is located on a busy arterial road adjacent to Boots Pharmacy and is conveniently positioned for the M1 motorway, Chesterfield, Sheffield and Derby.
In brief the former newsagents consists of a generous sized room measuring 20ft 8 x 15ft with a number of fridges, CCTV and steps leading down through to a basement consisting of a kitchen, separate wc and store room with access out onto the garden. Located further off from the newsagents there are steps leading up to a fitted kitchen and steps down to a lounge with balcony overlooking the garden, two bedrooms off from the lounge along with a wc. To the second floor landing there are three well proportioned bedrooms and a family bathroom. To the basement there is ancillary accommodation currently configured as a two bedroomed flat with off road parking and a generous sized garden with development potential subject to planning consents. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
The property is situated in the context of an established residential location along a main arterial road through Holmewood and will surely appeal to local and national investors.
Located from off the pavement of Heath Road with disabled ramp access with roller shutter doors, glazed window display with door and retail area measuring 20ft 8 x 15ft with suspended ceiling with CCTV, a number of open refrigerator displays and with lobby and stairs to basement and to first floor.
Comprises -
7ft 2 x 8ft 9
With an obscure uPVC double glazed window to the side elevation. Affording a low level wc with wash hand basin and extractor fan.
12ft 10 x 11ft 7 into chimney recess - With PVC door leading out onto the garden.
With stairs leading to the first floor.
13ft x 9ft - With uPVC double glazed window to the side elevation and a fully fitted kitchen with built in appliances, plumbing for washing machine, central heating radiator and steps leading down through to the lounge.
18ft 10 x 8ft 1 - With uPVC double glazed patio door leading out onto the balcony which overlooks the garden and central heating radiator.
With suite in white comprising low level wc, wash hand basin and central heating radiator.
9ft 2 x 9ft 2 - With uPVC double glazed window and central heating radiator.
10ft x 9ft 5 - With uPVC double glazed window and central heating radiator.
With central heating radiator.
15ft 2 x 9ft 2 - With uPVC double glazed window, fitted wardrobes and central heating radiator.
11ft 8 x 6ft 1 - With uPVC double glazed window and central heating radiator.
8ft x 7ft 10 - With uPVC double glazed window and central heating radiator.
12ft 6 x 5ft - With uPVC double glazed window. Fitted with a three piece suite comprising a bath with low level wc, pedestal wash hand basin, central heating radiator and tiling to walls.
Currently configured as a two bedroomed flat with -
10ft 4 x 12ft - With uPVC double glazed window, fitted kitchen and central heating radiator.
10ft 6 x 8ft 4 - With uPVC double glazed window.
7ft 1 x 5ft 5 - Comprises a shower, low level wc, pedestal wash hand basin and heated towel rail.
9ft x 7ft 4 - With uPVC double glazed window.
The rear of the property is access via Old Colliery Lane and to the rear a row of modern built town houses there is a right of way leading to some car standing space and a good sized enclosed garden with development potential subject to the usual planning consents.
Freehold. Vacant possession upon completion.
Viewings:
To book a viewing, please contact SDL Property Auctions to arrange.
Auction Method:
The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on “Registration Process”. The auction can be watched in real-time on the auction date through SDL Property Auctions’ website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions’ Buyers Terms (England & Wales) which are available on SDL Property Auctions website.
Auction type- Unconditional with Fixed Fee:
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer’s Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of the property and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
Deposit:
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack:
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Property Auctions website by searching for the property. On the property details page there is a sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale:
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the SDL Property Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
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