Commercial
DRAFT DETAILS ONLY- AWAITING VENDOR APPROVAL
A superb commercial investment property comprising most imposing double fronted premises with accommodation arranged on two floors (plus mezzanine) and basement of very significant floor area.
The property is situated right in the heart of the town centre. Recent expenditure in refurbishing and repairing has been significant and the property is confidently recommended.
There are three leases and, apart from a central entrance with double outer doors, each is self-contained.
The Gallery and Café comprising -
Two Compartment Ground Floor Gallery with display window and single entrance door, rear office and access to three basement rooms. Café area at first floor level with three feature arched coloured glass windows, kitchen and servery, stairs to mezzanine Café Area, gents and ladies wc's, and a rear office/store room. There is also rear staircase access from the communal central entrance hall. The premises are centrally heated.
Chiropodist -
Two interconnected treatment rooms at ground floor level with access off the central entrance hall.
Kingdom Hall (the rear of the building) comprising -
Reception foyer, meeting hall (approx 55' x 28' with 25' eaves), disabled wc, further ladies and gents toilets, and kitchen. The premises are centrally heated.
Lease Details
The Gallery/Café is let on a five year lease from September '09 at a reserved rent of £15,000 p.a.
Chiropody - The tenant is holding over under an expired lease (2008) at a rent of £2,200 per annum. It is understood that the tenant has been offered a new 5 year lease at a rent of £5,000 p.a.
Kingdom Hall - let on a five year lease from June 2009 at £18,000 per annum.
Notes
We are advised that the Café was completely renovated three years ago during which time it was closed whilst a mezzanine floor was constructed, the café revamped, new toilets installed, refitted kitchen, air conditioning and new fire alarm system fitted. The front part of the main building has had a new roof with some new roof trusses at about the same time.
We are advised that the roof of the hall at the rear of the building was completely stripped, relathed and felted and reclad with reclaimed tiles in 2009.
Vendors Solicitors/Licensed Conveyancers
Nelsons, Sterne House, Lodge Lane, Derby - 01332-372372
Tenure
Freehold.
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 £395 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Wednesday 31st March
At Pride Park Stadium, Derby
Commencing at 11.30 am
SUPERB COMMERCIAL INVESTMENT PROPERTY
Town centre location, with recent renovation scheme
Fully let and producing £35,200 per annum + ongoing upward review
Unrivalled opportunity
