Where is the Investment located?
The property is situated off Nottingham Road within the centre of Borrowash. The shops for sale are adjoining Victoria Avenue, where nearby occupiers include; a Co-Op, BJ Wilson Chemists, and Birds the Bakers.
What does the Investment comprise?
High Street self contained retail unit. Neighbouring unit available. Benefits from its own kitchen, WC and separate electric and water meters.
Currently fitted as a barbers but suitable for a range of retail high street or professional uses.
How has the Investment been measured?
The accommodation has been measured on a Net Internal Area (NIA) in accordance with the RICS Code of Measuring practice
What has the property been used for?
We believe the property has been used under Class E - Commercial, Business and Service of the Town and Country Planning (Use Classes) Order 1987 (as amended) but may be subject to a range of professional uses STP. All parties should confirm the planning position with the relevant Local Authority.
Are there Utilities?
All mains services with the exception of gas are connected to the property. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.
How is the property offered?
Freehold
Investment for sale by virtual freehold with vacant possession. Unit is held by way of a 999 year lease from October 2009. The ground rent is £1 per annum. The lease permit use as retail, office or financial and professional services.
The property is offered for sale with Joint Auctioneers BTG Eddisons.
All sales are subject to BTG Eddisons Auctions Buyers Terms. For further details and the information pack please see
https://www.btgeddisonspropertyauctions.com/properties/202605011835sq_qx7l-280526/for-auction-derby
The following deposits and non-refundable auctioneers fees apply:
- 10% deposit (subject to a minimum of £5,000)
- Buyer's Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
How much is the Price, and is VAT payable on top?
£69,000 Guide price. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.
Is Service Charge Payable?
Is payable to the head landlord for the running, maintenance and up keep of the building structure and roof.
Service charge budget: £31.00 per month
What is the EPC rating?
What are the viewing arrangements?
Please contact us or visit www.omeeto.co.uk for full details. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.