Get brand editions for SDL Auctions Graham Penny, Nottingham

Mixed Use for sale

8 Market Place, Long Eaton, Nottingham, NG10 1LS

Guide Price* £150,000

Property Description

Key features

  • Three storey retail unit with full planning permission to convert the upper two floors into four apartments
  • Conveniently situated in the heart of Long Eaton town centre
  • Estimated gross annual income when fully let circa 39,000
  • Ideal investment opportunity
  • EPC Rating: C

Full description

This property remains available and open to offers following the auction on Thursday 6th December 2018.
Please contact the auctioneers on 0115 958 8702 for further details.

Three storey retail unit with full planning permission to convert the upper two floors into four apartments

DRAFT DETAILS
Superb opportunity to acquire a three storey retail unit, situated within the heart of the thriving Long Eaton town centre which offers an excellent range of amenities, ideally situated close to the A52 and M1 motorway and having easy access to Derby and Nottingham. The property has the benefit of full Planning Permission to convert the two upper floors into 3 x 1 bedroom apartments and 1 x 2 bedroomed apartment. Ideal investment opportunity. We are led to believe that the property may generate a gross annual income circa £39,000 gross when fully let.

Planning permission was granted by Erewash Borough Council on 20th September 2018 under Reference: ERE/0718/0055 for change of use of the 2nd and 3rd floors from storage space above an existing retail unit to residential apartments (class C3 usage) and external alterations.

We have been informed by the vendor that two flats have been planned on permitted development and two via the normal planning route, giving four flats in total.

The accommodation currently briefly comprises:


Ground Floor


Downstairs Retail Unit

50ft 4 x 12ft 1


Rear Store Room

12ft 2 x 8ft 1


First Floor:


Landing


Open Plan Room

37ft 4 x 13ft 4


Further Room

12ft 8 x 12ft 4


Separate WC


Third Floor:

The auctioneers did not gain access to this floor.


Tenure
Freehold

Viewing Details

By arrangement with the auctioneer 0115 958 8702 or can be booked online www.sdlauctions.co.uk


Conditions of Sale

The Conditions of Sale (also known as the legal pack) will be available to download from our website, www.sdlauctions.co.uk, prior to the auction 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. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.


*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, will 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 the Guide Price and the Reserve Price click here.


Energy Performance Certificates

EPCs can be viewed in full in the legal pack or from the lot information section of our website.


Unconditional Auction Method

Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.

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 or cheque deposits. Remote bidding facilities are also available.


Auction Fees

The sale of this lot is subject to a buyer’s administation fee of £1074 including VAT (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section, or to find out more about any additional fees associated with this property please contact the auction office.



Nearest stations

  • Long Eaton (1.1 mi)
  • Attenborough (1.7 mi)
  • East Midlands Parkway (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

SDL Auctions Graham Penny, Nottingham

9 Regan Way, Chetwynd Business Park, Chilwell, Nottingham, NG9 6RZ

0115 958 8702 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

  • Long Eaton (1.1 mi)
  • Attenborough (1.7 mi)
  • East Midlands Parkway (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

SDL Auctions Graham Penny, Nottingham

9 Regan Way, Chetwynd Business Park, Chilwell, Nottingham, NG9 6RZ

0115 958 8702 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 gp_nottingham_1440700_11693. 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 SDL Auctions Graham Penny, Nottingham. 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.

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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, Nottingham on 0115 958 8702.


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