2 bedroom commercial property for sale

Sitwell Street, Spondon, Derby, DE21 7FG

Sold STC £155,000

Property Description

Full description

Tenure: Freehold

*For Sale by Auction on 12/10/2016 to be held at King Power Stadium, Leicester City Football Club*

Description
Freehold. Retail unit with two bedroom self contained flat above. Excellent investment opportunity.

Location
The property is located in the centre of Spondon, Derbyshire within a mainly residential area with a variety of retailers located nearby. The property provides easy access to the M1, A38, A50 and A52.

Accommodation
The ground floor retail element is currently trading as an off license. The ground floor retail area is made up of sales area, kitchen, WC, stores and further external stores. There is separate access provided to the first floor two bedroom self contained flat. The flat comprises of stairs leading to landing area, lounge, kitchen, two bedrooms and bathroom.

Tenure
Freehold subject to existing tenancy. The property is Let for a term of 15 years from 27th March 2014 at a rental of £15,500.00 per annum. The lease provides for rent reviews every five years.

Note
We have been informed by the sellers that there are separate council tax, gas, electric & water services for the ground floor retail unit and first floor flat.
There is no VAT payable on this Lot.
The completion date will be on or before eight weeks following exchange of contracts.

Energy Performance Certificate
EPC Rating G

Solicitors
T.B.C

*Please do not hesitate to contact our office on 0116 2557573 should you wish to arrange a viewing, request an Auction catalogue or to be placed on our mailing list for future Auctions*

NOTE: Properties can be purchased prior to Auction

Nearest stations

  • Spondon (0.6 mi)
  • Derby (2.5 mi)
  • Peartree (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Shonki Brothers, Auctions

95 Narborough Road, Leicester, LE3 0PA

0116 255 7573 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Spondon (0.6 mi)
  • Derby (2.5 mi)
  • Peartree (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Shonki Brothers, Auctions

95 Narborough Road, Leicester, LE3 0PA

0116 255 7573 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 51807. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Shonki Brothers, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*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 Shonki Brothers, Auctions on 01162 557573.


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