Commercial
FOR SALE BY AUCTION: THURSDAY 23RD OCTOBER
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
Situated adjoining the Ascot Drive road junction, and part of a prominent parade of shops with forecourt parking, an opportunity to acquire a mixed commercial and residential investment property.
The shop has recently been let as an off-licence but will be sold with vacant possession. It would be suited to a variety of uses including fish and chip shop or hot food take-away (subject to the necessary planning permission) and is within a relatively densely populated area.
The flat is let on an assured shorthold agreement at a rent of £350 per calendar month (£4,200 per annum).
The two floor property of brick and tile construction comprises the following –
742 – Retail Sales Shop 27'3" x 12'9" (347 sq ft GIA)
Having uPVC double glazed entrance door and display window to front. Access off to –
Stock Room/Office 9'6" x 6'8"
Storeplace
With wc off.
742A – Residential Flat which is mostly double glazed.
Entrance Hall
With stairs up to first floor landing.
Bathroom
With modern white suite also having electric shower over bath.
Sitting Room
With laminate floor.
Double Bedroom
Breakfast Kitchen
With modern fittings including work surface with inset stainless steel sink, base cupboard and drawer units, wall cupboards, plumbing for washing machine and cooker point.
Outside
Forecourt parking. Shared side gated access to rear garden.
Lease Details
The shop is being sold with vacant possession but until recently was let at £700 per calendar month (£8,400 per annum).
The flat is let on an assured shorthold agreement at a reserved rent of £350 pcm (£4,200 per annum).
Total reserved rent if fully let is between £12,500 & £13,000 per annum.
Directions
Leave Derby City centre along Osmaston Road and continue for some distance towards Allenton. On reaching the traffic light junction with Ascot Drive on the left, the premises will be found on the right hand side as part of a parade of shops.
Vendors Solicitors/Licensed Conveyancers
Matrix Solicitors, Normanton Business Centre, 258 Normanton Road, Derby DE23 6WD – telephone 01332-363454
Tenure
Freehold. Part let; 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 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
MIXED COMMERCIAL/RESIDENTIAL INVESTMENT PROPERTY
Ground floor sales shop
One bedroomed self-contained upper floor flat on assured shorthold agreement
Total reserved rent between £12,500 & £13,000 per annum if fully let
EPC Rating : Shop - D & Flat - E
