Commercial
Wild Street is a popular location off Uttoxeter Old Road, and number 22 has for very many years been an established motor engineering business with extensive double storied workshop premises at the rear of a lock up yard, ideally suited for its purpose, and now being sold with vacant possession.
The original house has been used as office and workshop accommodation at ground floor level in conjunction with the main workshops, whilst the upper floor accommodation provides extensive three bedroomed centrally heated accommodation extending over the archway and currently let at £400 pcm. It is thought that there is scope for increase.
The main house has been re-roofed, the flat has been re-wired and the ground floor premises have the benefit of 3 phase electricity.
It is considered that this is an infrequent opportunity to acquire mixed residential and commercial premises. There is scope for the ground floor house accommodation to be converted into a further flat (subject to any necessary planning permission), and the workshops could readily be let out. An inspection is strongly recommended.
In more detail it comprises:
Double storied workshop 25'6" wide x 20'8" deep internally
Having two sets of double doors at ground floor level and an external staircase accessing the first floor accommodation.
The workshop fronts onto an enclosed secure yard with a fully gated archway access.
The other accommodation at ground floor level as part of the former house comprises
Front office 12'5" x 11'10" to chimney recess
With gas fire.
Rear office 12'1" x 9'8"
With double doors to yard.
Workshop (former kitchen) 15'10" x 9'2"
Externally there is attached wc with wash basin.
22a is a self contained flat with the benefit of gas central heating and comprises
Entrance lobby
Leading into an
Entrance hall
Having Minton tiled floor, cellar off, original balustrades to first floor.
Landing
With galleried stairwell, ornamental arch and loft access.
Large sitting room to front
With gas fire, central heating radiator and two windows.
Front double bedroom
With fitted wardrobes and central heating radiator.
Rear double bedroom (over arch)
With central heating radiator
Further double bedroom
With central heating radiator
Kitchen
Having stainless steel sink unit, base and wall cupboard units, work surfaces, appliance space, freestanding white goods included, central heating radiator.
Bathroom
Having three piece suite of panelled bath with shower fitted over, pedestal wash basin and low flush wc, central heating radiator.
First floor tenancy details.
The flat is let on an assured shorthold agreement under which the tenants are holding over, at a reserved rent of £400 pcm (£4,800 per annum). It is considered that there is scope for some increase in the rental yield.
The ground floor accommodation and workshops are sold with vacant possession.
Directions
From the City Centre proceed out of the City along Friar Gate. At the end of the traffic lights turn left into Uttoxeter Old Road. Take the turning on the right just after the pelican crossing lights into Stepping Lane and proceed to the top and the junction with Campion Street. Turn left and take the first turning on the left into Wild Street where the premises will be found on the left hand side towards the bottom end (Wild Street is a one way street from Campion Street to Uttoxeter Old Road).
Vendors Solicitors/Licensed Conveyancers
J H Powell & Co, Catherdral Chambers, Amen Alley, Derby DE1 3GT telephone 01332 372211
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 opportunity
Double storied workshop premises with gated access
Large house divided as to office/workshop accommodation at ground floor; three bedroomed flat at first floor (let)
