Commercial
Situated fronting the River Derwent, York House forms part of a parade of Grade II Listed buildings and has accommodation arranged on three floors.
There are two self-contained shop units on the ground floor, one with mezzanine storage, and the two upper floors are arranged to provide five self-contained flats separately accessed via a communal entrance hall. Pleasantly situated, the property is most attractive with views over the River Derwent and wooded area beyond.
The accommodation offered is as follows –
56 NORTH PARADE– Self contained shop unit trading as ‘Going Potty’ having a gross frontage of 4.4 metres, shop depth of 11.5 metres and a built depth of 17.75 metres plus mezzanine storage accommodation.
62 NORTH PARADE – Self contained retail unit trading as ‘800 BC Coffee Shop’ having a gross frontage of 4.7 metres, a shop depth of 15.8 metres and a built depth of 22.1 metres.
The upper floor accommodation comprises two x one bedroomed flats also having living room with kitchen area, shower room/wc, and three studio flats having a living bedroom with kitchen area, shower room and wc.
At the time of preparing these sales particulars, four of the five flats were let.
Externally there is a rear yard with metal fire escape, and a right of access over the pathway of number 64 adjoining.
LEASE DETAILS
Going Potty is let on a 6 year from 27th February 2006 at a current reserved rent of £13,500 per annum.
800 BC Coffee Shop is let on a 9 year lease from 8th June 2006 at a current reserved rent of £13,500 per annum.
The flats (with one vacant exception) are let at calendar monthly rents varying between £245 and £295. It is considered that there is some scope for increase in the rental yield of the flats which are on assured shorthold agreements.
Gross reserved rent (Subject to full occupancy) £43,320 per annum.
Location
The property is situated on the west side of the A6 where there is on-road parking facilities. Matlock Bath is located one mile south of Matlock.
Vendors Solicitors/Licensed Conveyancers
J.H. Powell & Co, Cathedral Chambers, Amen Alley, Derby DE1 3GT – telephone 01332-372211
Tenure
Freehold. Subject to occupancies.
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 8th July 2010
Pride Park Stadium, Derby
Commencing at 11.30 am
EXCELLENT MIXED COMMERCIAL/RESIDENTIAL INVESTMENT PROPERTY
Prominent frontage within Grade II Listed parade
Busy tourist town with leisure attractions
Current reserved rent £43,320 per annum
