Commercial Property
***COMMERCIAL INVESTMENT OPPORTUNITY***
High Street self contained retail unit. Available with unit next door. Benefits from kitchen, WC and separate electric and water meters. Currently fitted as a barbers but suitable for a range of retail high street or professional uses.
The property is situated off Nottingham Road within the centre of Borrowash. The shops for sale are adjoining Victoria Avenue, where nearby occupiers include; a Co-Op, BJ Wilson Chemists, and Birds the Bakers.
327 sq.ft. (30.30sq.m.)
Is payable to the head landlord for the running, maintenance and up keep of the building structure and roof.<br><br>The current service charge budget is £31 per month.
Investment for sale by virtual freehold with vacant possession.<br>No.27 is held by way of a 999 year lease from November 2008.<br>The ground rent is £1 per annum per unit. These leases permit use as retail, office or financial and professional services.
All figures are quoted exclusive of VAT, we are advised Unit 27 is registered for VAT which is applicable at the prevailing rate.
Leasehold. Vacant possession upon completion.
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.
