Commercial
Occupying a part commercial, part residential area close to the centre of Long Eaton, this traditional former textiles mill which extends to approximately 11,715 sq ft or thereabouts (excluding the mezzanine office space) and currently part let and part vacant currently producing £9,100 per annum, offers an interesting and rare opportunity to acquire a potentially high yielding investment property.
Long Eaton is a large town within Erewash Borough and has a wide range of commercial industries based locally. It also has a good range of shops, schools and leisure facilities and is handily situated approximately mid-way between Derby and Nottingham and within approximately one mile of the M1 motorway at junction 25.
Directions
The approach from Derby is via the A52 heading east leaving the dual carriageway at the junction with the M1 and following the signposts for Long Eaton along Bostocks Lane. At the mini roundabout turn right into Longmoor Road which in turn becomes Petersham Road (B6002) and then at the next roundabout turn left into Derby Road. Continue past Trent College on the right hand side and then eventually turn left into Bennett Street. Continue along Bennett Street for approximately quarter of a mile and number 185 can be located on the left hand side as denoted by our for sale by auction board.
Vendors Solicitors/Licensed Conveyancers
Tenure
Freehold. Part let; part vacant. (Subject to tenancy).
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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
On instructions of LPA Receivers
Former textiles mill extending to 11,715 sq ft or thereabouts
Sub-divided and currently part let and part vacant producing £9,100 per annum
Excellent opportunity
