Commercial
FOR SALE BY AUCTION: THURSDAY 11TH SEPTEMBER
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
Within a parade of shops on a busy road frintage, an opportunity to acquire a double storied mid-parade retail unit with living accommodation, with the benefit of a 25 year lease which commenced in September 2009.
The accommodation briefly is as follows
Sales Shop
With counter, tiled floor.
Kitchen/Preparation Room
Fully equipped, tiled floor and central heating boiler.
Lobby
With stairs off to first floor.
Store Room
With external door.
WC
First Floor Landing
Two Rooms
Bathroom/wc
Outside
Rear yard area with pedestrian side access, shared with others.
Lease Details
The property is let on a 25 year lease which commenced in September 2009 at a current reserved rent of £12,000 per annum, subject to reviews.
Directions
If approaching from Wellington Street/town hall square direction, continue straight ahead through the traffic lights into Waterloo Street and continue for some 200 yards where the property will be found on the left hand side.
Vendors Solicitors/Licensed Conveyancers
Loynton & Co, Wing Yip Business Centre, Suite 13 Thimble Mill Lane, Nechells, Birmingham B7 5HD
Tenure
Freehold. Subject to lease.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 deposits.
The sale of each lot is subject to a buyers contract handling fee of £750 (inc VAT) payable on the fall of the hammer.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
FOR EPC’S AND LEGALS PLEASE SEE THE WEBSITE
WWW.GRAHAMPENNY.COM
COMMERCIAL INVESTMENT PROPERTY
Chinese takeaway with upper floor accommodation
Let on 25 year lease from September ‘09
Gas central heating and double glazing to first floor
EPC Rating : C
