Land
***SIGNIFICANT SCOPE TO EXPAND CURRENT BUSINESS***
Located within the popular village of Little Eaton, close to the the A38, is a large parcel of land extending to just under 0.8 acres or thereabouts, currently used a caravan and lock up garage/storage site, being part let part vacant with an additional small paddock.
The site comprises 26x caravan spaces and 15x lock up garages/storage units on a hardcore surfaced finish with log stores and secure gated access from off Alfreton Road. The paddock has a five bar gate with post and rail fencing backing onto a brook being partially screened by a mature range of specimen trees. To the north end of the site there is a further additional parcel land ideal for an allotment.
We are informed by the seller:
24 of the 26 caravan spaces are currently let yielding rental income of between £156 - £200 pa
13 of the 17 garages are currently let also yielding rental income of between £156-£200 pa producing a combined annual rental income of £6,257 pa
In addition to this on completion a further two large garages, one lock up unit and a stable will also become available and ready to let.
Clearly, there is scope for a significant increase with the rents and an opportunity to improve the existing garages or with replacement storage containers.
We understand both electric and water are connected to the site.
The village of Little Eaton is situated within the noted the Ecclesbourne School catchment area and boast local primary school, local recreational park, public houses/restaurants. The city of Derby lies approximately 5 miles to the south with the nearby A38 providing swift access onto the A50, Toyota, East Midlands Airport and the M1 Motorway.
Freehold. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
