6 bedroom commercial development for sale31-32 South Street, Riddings, Alfreton, Derbyshire DE55 4EJ
Sold STC £145,000
- EXCELLENT COMMERCIAL/RESIDENTIAL INVESTMENT PROPERTY
- Large double fronted detached premises producing £23,140 p.a. gross
- Retail sales shop with associated accommodation; six let bed-sitting rooms
- Rear yard, large garage, off road parking. Short commute to A38
- EPC Rating: D - Shop
For sale by auction on Thursday 8th September 2016
At The Pedigree Suite, iPro Stadium, Derby, DE24 8XL
Commencing at 11:30 am
Excellent commercial/residential investment - Retail shop with associated accommodation with six let bed-sitting rooms.
Draft details - Awaiting approval
The property is situated on the corner of South Street and George Street in an established residential area, with some commercial concerns. The shop offers spacious accommodation but may have scope for conversion to residential accommodation subject to planning consent. The six bed-sitting rooms (plus a store room) are currently let on assured shorthold agreements at a reserved rent of £18,720 per annum combined (including council tax and utilities). Shop unit is let at £85 per week (£4,420 p.a.) Total income £23,140 p.a.
In more detail the accommodation is as follows –
Corner Sales Shop
With display windows to both frontages and corner door (419 square feet or 38.9 square metres).
Rear Workshop, Separate Store
(95 square feet or 8.8 square metres & 56 square feet or 5.2 square metres).
(152 square feet or 14.1 square metres).
Accessed from South Street.
(187 square feet or 17.4 square metres)
(90 square feet or 8.4 square metres) With usual range of fittings
First Floor –
Six Bed-Sitting Rooms
Second Floor –
Accessed by stairway.
Rear yard with large garage and parking for four to five cars. Small garden. Access is off George Street at side.
The main road through Riddings is known as Greenhill Lane. Proceeding southwards, pass Greenhill Industrial Estate on the right hand side, take the next left hand turn into South Street and the property is on the left hand side on the corner of George Street.
Freehold. Subject to tenancies.
By arrangement with the auctioneer 01332 242880 or can be booked online at www.sdlgrahampenny.co.uk
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 the auction day. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
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.
*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.sdlgrahampenny.co.uk/glossary.
Energy Performance Certificates
EPCs can be viewed in full on our website www.sdlgrahampenny.co.uk on the sales details page or in the legal pack.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Graham Penny, Derby on 01332 242880.
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