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19 Forman Street, Derby, DE1 1JQ

Lot no: 47.0 Withdrawn Post
 

Guide Price £100,000 plus fees


Thursday 6th September 2012

12.00am
Key Features
Superb commercial investment property
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Withdrawn Post

Commercial

Property Description

Situated on the fringe of the City centre, Forman Street links Curzon Street with the Monks Lane/Abbey Street area, with public
car parking in close proximity and within comfortable walking distance of the
City centre.

An opportunity to acquire an excellent office block comprising
three office suites together with lock-up garage or workshop.  There are two occupancies currently at a
combined reserved rent of £6,840 per annum inclusive of gas and electricity
bills.  The vacant office suite was last
let at £600 per calendar month (£7,200 per annum) and, together with the vacant
garage/store the earning potential of the whole building is comfortably between
£16,000 and £17,000 gross.

Part of the premises are single storied and part are double
storied, and ideally suited to a variety of trades or businesses.

Approached by a central gated archway, the accommodation is as
follows

Central Entrance
Porch

With metal railed security gates.

Office Suite One
(currently vacant)

Having Reception Office
with WC off with wash basin.

General Office

Having Kitchen facility
off with modern range of fittings,

Two Smaller
Offices.  Security alarm access.

Large Lock-Up
Store/Garage, also suited as a workshop with double door opening.

To the right of the entrance porch is a Central Entrance Hallway with security alarm system and having two
compartment wc's off with vanity basin.

Office Suite Two
(Ground Floor)

Having General Office
with Kitchen off having modern range
of fittings, wc with wash hand basin.

Inner Reception
Area

With stairs to first floor and Office Suite Three.

Landing

With Kitchenette off
having modern fittings and wall mounted combination central heating boiler.

General Office

Private Office
Number Two

Outside

Shared access driveway.

Occupancies

Office Suites Two and Three are currently occupied at £285 per
calendar month each inclusive of gas and electricity fees,  Office Suite One, now vacant was last let at
£600 per calendar month.  The
garage/workshop would let in excess of £20 per week.

Tenure

Freehold. Part vacant, part subject to
tenancies.

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 contract documentation charge of £495(inc VAT) payable on the fall
of the hammer.

FOR SALE BY AUCTION: THURSDAY 6TH SEPTEMBER 2012

AT PRIDE PARK STADIUM, DERBY

COMMENCING AT 11.30 AM

FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE

WWW.GRAHAMPENNY.COM

Feature 1

Superb commercial investment property

Feature 2

Three office suites plus garage/workshop

Feature 3

Totally refurbished throughout, gas centrally heated and double glazed

Feature 4

Two office suites currently let, one vacant

Tenure: