Commercial Sales | Stapleford
Guide Price £60,000
||16, 16a & 20 Derby Road
An exciting part let investment and re-development opportunity being sold due to being surplus to the requirements of the current owners. The property comprises a ground floor former shop in a prominent main road position with a self-contained flat above it which is currently let. To the rear is a two storey former workshop building also requiring modernisation but having the benefit we understand of rear vehicular access from Cyril Avenue in Stapleford.
The first and second floor flat was let from 10th May 1993 at a rental of £ 195 pcm. The original tenants are currently holding over on an assured shorthold tenancy agreement with all rent being up to date. They currently pay £ 220 exclusive pcm on the 10th of each month.
A prime town centre project for a buyer looking to further develop the enormous potential of the buildings being offered.
SERVICES: Mains gas, electricity, water and drainage are believed to be available and connected to the property.
RATEABLE VALUE: We understand verbally from Broxtowe Local Authority that the ground floor number 16 has a rateable value in the sum of £ 3950, the first floor flat 16A is Band A under council tax rules, and the rear workshop known as number 20 has a rateable value of £ 3300.
DIRECTIONS: From our office in Long Eaton continue along Derby Road turning right into College Street and right at the mini island at the top towards Sandiacre. Continue into Stapleford and the property will be found on the left hand side shortly before The Roach crossroads. The property should be identified by our board.
ACCOMMODATION: along with approximate room sizes is as follows:
Approximately 4.870m x 3.684m with glazed door and window. Inner lobby with staircase to the first floor which is currently not used.
Approximately 4.104m x 3.404m with fireplace and cupboard to the side with shelving.
Approximately 3.186m x 2.13m with Belfast sink unit, back door and side window.
With shared gated pedestrian access from Derby Road, outside meters and external metal stairs to flat above and access to rear workshop.
SINGLE STOREY WORKSHOP AND STORE
REAR WORKSHOP ( No 20 Derby Road ) Externally 4.660m x 4.260m but currently not accessible as boarded up but we understand provides additional storage and possibly a toilet.
This is built on a slope to the rear of the site and is believed to be of a similar age to the main shop and flat building.
9.203 x 6.270 upstairs with power, side pedestrian door and windows currently boarded up, and staircase to roof space for additional storage. Ground floor section 8.887 x 5.840 has door to front and side windows. We understand there is vehicular access to the rear which should be clarified by reference to the legal pack.
METHOD OF SALE: The property is to be offered for sale by public auction to be held at The Holiday Inn, Bostocks Lane, Sandiacre, Nottingham NG10 5NJ on Wednesday 14th March 2012 at 6.30pm prompt. We have received instructions that no offers are to be considered prior to the auction.
VENDORS SOLICITORS: Messrs Ellis, Fermor & Negus Solicitors, 35 Derby Road, Long Eaton, Nottingham, NG10 1LU – FAO: Rob Meredith
TENURE: Freehold with vacant possession of the ground floor section and rear two storey workshop. The first and second floor flat is being sold subject to the tenancy as described above.
VIEWING: Strictly by appointment through the sole selling agents. The ground floor section and rear two storey workshop is by accompanied viewing with the agent whilst the upper two floors have not been inspected by the agent and are not available for viewing.
CONTRACTS & CONDITIONS OF SALE: Contracts and conditions of sale will be available for inspection by all interested parties 7 days prior to the auction date. Prospective purchasers are deemed to buy with full knowledge of the contracts and conditions of sale whether the same have been inspected or not.
AGENTS NOTE: Please note that the VAT is to be charged on two thirds of the hammer price, being the commercial proportion of the property estimated by reference to approximate gross external floor areas. The successful purchaser will also pay the sum of £250.00 plus VAT as an administration and document fee on the evening of the sale.