Commercial
Situated within the City centre, towards the lower end of Green Lane and almost opposite Gower Street, an opportunity to acquire a four storied end town house which has the benefit of a self-contained retail sales unit at pavement level, and self-contained residential accommodation including a pent house suite on the three upper floors. The shop is let and the tenant is holding over at a current rent of £10,500 per annum.
The upper floor accommodation is vacant but has been rented out in the past and is capable of deriving a significant income. It is gas centrally heated and includes a top floor suite which has its own central heating system.
In more detail the accommodation comprises
Retail Sales Shop
With Staff Room and Wc.
Side Entrance Hall
With stairs up to first floor, or accessed by a main set of steps (shared with 76) and
Entrance Hall
Sitting Room
Fitted Kitchen
Rear Hall
(with stairs down to side entrance)
Shower Room/wc
Landing
Two Bedrooms
Upper Floor/Penthouse Suite
Having large living room/bedroom with kitchen area and a separate shower room/wc.
Outside
Enclosed rear yard and town house style garden with large open fronted store shed. Pedestrian access from Crompton Street.
Lease Details
The shop is occupied under a 5 year lease which commenced in January 2004. The tenant is holding over and is payable a current rent of £10,500 per annum exclusive.
Vendors Solicitors/Licensed Conveyancers
H. Pipes & Co, 34 Market Place, Melbourne, Derbys DE73 8DS telephone 01332-862113
Tenure
Freehold. Part subject to lease; part vacant.
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 7th July 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
Mixed commercial/residential property
End town house within City centre
Let shop. Extensive self-contained upper floor accommodation
Shop subject to lease; other parts vacant
