Mixed Use
A substantial mixed use property comprising of 2x retail units and 2x one bedroom flats above over two floors.
The property is situated in the heart of Swadlincote Town Centre on the main shopping parade and offers an abundance of other retail units close by which generate excellent footfall.
Well presented throughout and fully let with a combined income of £33,920 per annum.
18 High Street - Approx. 101 sqm / 1087 sqft - Let at £10,500 per annum
20 High Street - Approx. 47 sqm / 505 sqft - Let at £9,500 per annum
Flat 1, 18a High Street - Approx. 50 sqm / 538 sqft– Let on an Assured Shorthold Tenancy at £595pcm (£7,140 per annum)
Flat 2, 18a High Street - Approx. 42 sqm / 452 sqft – Let on an Assured Shorthold Tenancy at £565pcm (£6,780 per annum)
Externally the property benefits from a private car park to rear which is accessed via Ernest Hall Way.
Mains Sales Area, Office One, Office Two, Staff Room, Male and Female Toilets, Shared Rear Yard
Main Sales Area, Kitchen, Toilet, Shared Rear Yard
Lounge, Kitchen, Bedroom, Bathroom
Lounge, Kitchen, Bedroom, Bathroom
Please be advised that the auctioneers have not personally inspected the two flats. Prospective buyers are advised to make their own necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 (and any applicable Home Report for residential Scottish properties).
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.
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