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Mundy Street School, Mundy Street, Heanor, Derbyshire, DE75 7EB

Lot no: 29.0 Postponed
 

Guide Price £600,000 plus fees


Friday 17th October 2014

12.00am
Key Features
Unique opportunity to acquire a former school with extensive accommodation internally and occupying a sizeable plot overal
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Postponed

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Property Description

For sale by auction - Friday 17th October 2014

At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE

Commencing at 11.30am

Unique opportunity to acquire a former school

Currently let, generating circa £62,000 per annum

Extensive internal accommodation, occupying a sizeable plot

Superb investment opportunity

EPC Rating: TBC

Unique opportunity to acquire a former school, currently let on a long term lease up to 9 October 2023, currently generating circa £62,000 per annum, being let currently to a daycare charity. Superb investment opportunity, with the school having extensive accommodation internally and occupying a sizeable plot overall.

The accommodation has a fire alarm system, intruder alarm and fire doors throughout and briefly the accommodation comprises:

Entrance Hallway

Staff Room 12ft 8 x 11ft 6

Reception Area 19ft 6 x 11ft 3

Further Hallway

Meeting Room 17ft 7 x 14ft 7

Education Room 14ft 9 x 15ft 7

Kitchen 22ft 2 x 19ft 5

Dining Room 20ft x 20ft

Games Room 15ft 3 x 19ft

Further Room 19ft 8 x 5ft 7

Shower Room

With toilet and jacuzzi room

Further Cloakroom and Store 14ft 9 x 7ft 6

Side Porch

Laundry Room

Store Room 9ft 6 x 7ft 4

Further Inner Hallway

Leading to community room.

Community Room 20ft 1 x 15ft 3

Managers Office 9ft 3 x 7ft 1

Art and Craft Room 15ft 1 x 14ft 10

Further Inner Hallway

With two separate wc
s and disabled shower room and toilet.

Separate WC

Music Room 15ft 6 x 15ft 2

Computer Room 15ft 4 x 7ft 6

Outside

There are outbuildings with a separate pottery room.

Pottery Room 17ft 2 x 5ft 6

Further outside wc and store.

Enclosed garden with soft tarmac area, parking for approximately 16/17 vehicles.

Tenure

Freehold. Subject to tenancy.

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 fee of £750 (inc VAT) payable on exchange of contracts.

Viewings

By appointment with the auctioneers - 0115 958 8702.

*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.

Tenure: