Detached House
DRAFT DETAILS ONLY.
An opportunity to acquire an
excellent commercial / residential investment property currently producing £11,900
p.a
A prominently located,
detached, mixed use property forming the corner of Hillcrest Road and Cardigan
Street briefly comprising two lock up retail units, a fast food outlet which is
currently tenanted and a furniture sales shop. To the first floor there is a
three bedroomed tenanted flat. To the rear of the property there is a large
yard and off road parking to two sides of the property.
The auctioneers have not
inspected the internal accommodation but believe it to comprise -
Sales Shop One
A fast food outlet with
retail area, kitchen, storeroom and W.C. The shop is currently let on an eleven
year tenancy agreement commencing on 26th September 2005 at £75 per
week.
Sales Shop Two
A second hand furniture
retail shop with kitchen/rest room and wc.
Let on lease at £50 per week.
First Floor Flat
With hallway, lounge,
kitchen, bathroom and separate W.C. The flat is let on a 12 month agreement at
£450 per calendar month (£5,400 p.a.).
Outside
The property occupies a large
corner plot consisting of a large rear yard and ample off road parking.
The yard is considered to have development potential. A scheme of 4 flats have been drawn up although no planning application has been submitted.
Directions
From the Pentagon Island take the exit
onto Nottingham Road, continue towards Chaddesden and take the 5th
left onto Wiltshire Road, then 4th left onto Cardigan Street. The
property will be found shortly on the left hand side on the junction with
Hillcrest Road.
Vendors Solicitors/Licensed Conveyancers
Moody & Woolley, 40 St. Mary's Gate,
Derby DE1 3JZ
Tel – 01332 344221
Tenure
Freehold. 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withdrawn.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 buyers contract handling fee of £495 (inc VAT) payable on the fall
of the hammer.
FOR SALE BY AUCTION: THURSDAY 6TH DECEMBER 2012
AT PRIDE PARK STADIUM, DERBY
COMMENCING AT 11.30 AM
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
INVESTMENT OPPORTUNITY - detached mixed use premises
Two lock up retail units, both let
Three bedroomed first floor flat let at £5,400 p.a
Combined income circa £11,900p.a.
Large rear yard with possible development potential.
