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127-129 High Street, Tibshelf, Alfreton DE55 5PP

Lot no: 34 Sold Prior to Auction
 

Guide Price £195,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 23rd February 2023

10.00am
Key Features
  • Full Planning for the Creation of an aditional 3 Commercial units and 5 Residential Units (9 in total)
  • Planning - 22/00459/FUL - Bolsover District Council
  • Freehold former Co-op convenience store
  • Located in a prominent position on High Street in Tibshelf
  • EPC rating - E
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Sold Prior to Auction

Retail Property (High Street)

Property Description:

A freehold former Co Op located along the High Street, Tibshelf, Alfreton. Benefitting from full planning consent for the creation of an additional 3 commercial units and 5 residential dwellings. This will give a total of 9 units for this mixed-use scheme and a gross development value in excess of £1.2 million (depending on specification) and a substantial potential rental income.

The building currently extends approximately 7,708 sq. feet and benefits from a highly prominent position opposite the Tibshelf Infant and Nursery School.

Interested parties are advised to inspect the legal pack and the planning approval available on the BOLSOVER DISTRICT COUNCIL website planning portal number 22/00459/FUL.

Tibshelf is a popular village 20 miles North of Nottingham with a range of local amenities and facilities to include a late opening Co-Op, general store/post office, medical centre, chemist, public houses, fast food outlets, village hall, church and a range of schooling. The Five Pits Trail runs through the village, which would be of interest for those who enjoy walking and cycling. It is served by the M1 motorway junction 29.

Note

There is in total four commercial units being sold in this sale.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure:

Freehold. Vacant possession upon completion.




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 (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


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 £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price 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 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.

Guide Price & Reserve Price

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.