Commercial
DRAFT DETAILS ONLY- AWAITING VENDOR APPROVAL
Formerly part of the Motorhouse showroom which was subsequently divided into two retail units, a unique opportunity to acquire an excellent retail sales shop in a prominent position close to Lonsdale Place.
The sales shop has a gross internal floor area of 172.8 square metres (1,859 square feet) and is trading as a Londis Retail Convenience Store. There is a rear office and wc.
Lease Details
The property is let on a 10 year lease from 10th June 2008 on FRI terms and contains a rent review and tenants break clause at the end of the fifth year of the term. Current rent payable is £20,000 per annum, rising to £22,500 per annum with effect from 10th June 2010 and then £25,000 per annum with effect from 10th June 2011.
Vendors Solicitors/Licensed Conveyancers
Underwood Vinecomb, Telford House, Outrams Wharf, Little Eaton, Derby DE21 5EL – telephone 01332-836666
Tenure
Freehold. Subject to tenancy.
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 buyers contract handling fee of £395 (inc VAT) payable on the fall of the hammer.
For Sale By Auction: Thursday 20th May 2010
At Pride Park Stadium, Derby
Commencing at 11.30 am
EXCELLENT COMMERCIAL INVESTMENT PROPERTY
Prominent position on busy road frontage
Let on 10 year lease from 10/06/08
Close Bemrose School
