Commercial
The premises are situated almost on the corner of Hands Road, where there is on-street parking, in a prominent location. The property is let to Bath Time Heanor Limited on a rolling lease at a current rental of £975 per quarter (£3,900 per annum). The accommodation ranges over three floors comprising two showrooms at ground floor level together with a rear entrance lobby with wc off, and three showrooms at first floor level. Purchasers are advised that fixtures and fittings belong to the tenants.
Of brick and slate construction, the semi detached property comprises the following
Sales Shop 16'3" wide x 13' into wide display window
With recessed entrance, small understair office area with door to side passage.
Inner Lobby
With stairs off to first floor.
Rear Showroom/Stock Room 16' maximum x 11'9"
Rear Entrance Lobby
With wc off.
Stairs to first floor landing and
Three Showrooms
Outside
Gated private side passage leading from frontage through to an enclosed rear yard, and rear entrance.
Directions
Proceed from the Derby or Ripley direction into the Market Place in Heanor, continuing past St. Lawrence Church on the left hand side and bearing left at the traffic lights. The premises will be found almost immediately on the right hand side. Take the first right hand turn into Hands Road for parking.
Lease Details
The premises are let on a rolling year to year lease from 1st January 2007 at a current rent of £3,900 per annum.
Tenure
Freehold. Subject to lease.
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 £495 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 17th February 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
COMMERCIAL INVESTMENT PROPERTY
Two floor let shop and showroom premises
Currently producing an annual rent of £3,900 – but considered scope for increase
