Commercial
An opportunity to acquire vacant freehold retail premises with upper floor accommodation, all capable of deriving a strong income if let, and of having the advantage of being a few metres away from Rutland Square in the town centre, close to all facilities and other retail and commercial concerns.
The property has the benefit of rear access, and a yard area to rear. The flats are approached by a metal spiral staircase and are entirely self-contained.
Based on last letting values, the premises have the ability of yielding upwards of £21,000 per annum and therefore create a first class investment opportunity. It does however also offer the opportunity of owner occupation to all or part of the premises as desired.
In more detail it comprises
3 Buxton Road: Retail Sales Unit
With recessed entrance, sectional sales shop with laminate floor, large display window, ample display opportunity, or alternatively subject to stud wall removal a large open plan sales area.
Inner Hall
Wc
With wash hand basin.
Staff Room
With wash hand basin and access to
Extensive Basement
Extending under the whole of the premises, useful for storage and/or ancillary accommodation.
3A Buxton Road
Middle Floor Flat approached by a shared spiral staircase accessing 3B from the rear yard.
Entrance hall, sitting room with kitchen area off, modern fittings with integrated oven and hob, double bedroom, bathroom with shower over bath. The flat has the benefit of electric storage heating and sealed unit double glazing.
3B Buxton Road
Entrance hall, sitting room with kitchen area off, modern fittings with integrated oven and hob, double bedroom, bathroom with shower over bath. The flat has the benefit of electric storage heating and sealed unit double glazing. There may be possibilities to extend the accommodation into the roof space.
Outside
Archway access from Buxton Road leading to rear yard, with patio area for the benefit of the flats.
Vendors Solicitors/Licensed Conveyancers
Franklin & Co, Town Hall Chambers, Anchor Square, Bakewell, Derbys DE45 1DR telephone 01629-814461
Tenure
Freehold. Vacant possession on completion.
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 26th May 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
MIXED COMMERCIAL/RESIDENTIAL FREEHOLD PREMISES
Two renovated self-contained one bedroomed flats
Generous sized retail unit with staff room and large basement
Located a short distance from the town centre
