Opening Times
Mon - Fri: 9:00am till 5:30pm
Sat: Viewings Only
Next Auction:15 May 2024
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FOR SALE BY AUCTION: Wednesday 10 July 2019 Commencing at 5:30pm




141 - 143 Nottingham Road, Alferton, Derbyshire, DE55 7FL

Sold after auction for an undisclosed amount


Remote Bidding Auction

Auction to be streamed live on our website www.shonkibros.com
Bidding via Internet | Telephone | Proxy
You will need to pre-register for remote bidding, the form can be downloaded from our website and found within our auction brochure. Please ensure you provide your identification and a complete remote bidding form no later than 24 hours prior to the auction. Please do not hesitate to contact us if you are unsure of the remote bidding process.


DESCRIPTION

Freehold convenience store investment. Providing excellent investment opportunity situated on a busy main road.

LOCATION

The property is located approximately 3 miles from Junction 28 of the M1 Motorway & off the A38 dual carriageway. The property itself is within a mainly residential area with a high levels of passing trade.

ACCOMMODATION

The building compromises of a single storey premises having been constructed in 2009. Internally the property provides a large retail sales area which is currently trading as a convenience store, with staff room and store room to the rear.

Total Net Internal Area = 2,550 sq ft (236.90 sq m) approx.

TENURE

Freehold subject to existing lease. The entire property is Let to One Stop Stores Ltd for a term of 15 years from 14th June 2009 at a rent of £35,000 per annum. The lease provides for rent reviews every five years of the term and also contains full repairing & insuring covenants.

One Stop Stores Ltd trades independently from over 770 directly manages stores over England and Wales, with an annual turnover of over £1 billion.

NOTE

The completion will be on or before eight weeks following exchange of contracts.
VAT is applicable on this Lot. The sale of the property should qualify for T.O.G.C (Transfer of Going Concern) treatment for VAT purposes but no guarantee can be given to that affect and buyers should take independent or legal accountancy advice.

ENERGY PERFORMANCE CERTIFICATE

EPC Rating to be confirmed.

SOLICITORS

Equitas Law
17 Wellington Steet, Leicester, LE1 6HU
TEL: 0116 2755054
EMAIL: zaida@equitaslaw.com

*GUIDE PRICE & RESERVES

Definition of Guide Prices:
The guide price is an indication of the seller’s current minimum price expectation at auction and the guide price, or range of guide prices, is given to assist prospective purchasers. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period and bidders will be notified of this change on our website and by the auctioneer prior to the lot being offered.

Definition of Reserve Price:
The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. It is usual, but not always the case that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing and the Final Reserve Price will be agreed between the auctioneer and the seller prior to the auction sale. Whilst the reserve price is confidential it will usually be set within the quoted guide range and in any event will not exceed the highest quoted guide price.

Buyer’s Fee / Additional Costs
For each Lot, a Buyers' Fee of £1,800.00 inc VAT is payable on the fall of the hammer. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

Disclaimer
All measurements are approximate. Whilst we endeavour to make our sales particulars accurate and reliable, these approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before. Shonki Bros have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. Potential buyers are advised to recheck the measurements before committing to any expense. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants.

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