Mixed Use in Heanor

20 Market Street, Heanor, Derbyshire DE75 7NR
  • Lot No: 22
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £85,000+ plus fees

Result Sold at Auction £100,000

Property Description

The property comprises a three-storey mid terraced brick built building with a ground floor commercial unit currently occupied by the “captains cabin”. The residential accommodation is accessed via a separate entrance at the front of the building leading to the apartment which we are informed by the seller comprises lounge, kitchen/diner, two double bedrooms and a third spare room. Added feature of a toilet on each floor. The residential portion benefits from gas central heating and incorporates safety double glazing. We have been advised that both tenants are currently on a rolling basis with a local agent managing the property and the tenancies. We feel there is scope to increase the rent to circa £13,200 per annum in line with market rents. The commercial unit is paying £249 per calendar month on a rolling basis. The residential tenant is paying £449 per calendar month on a rolling basis.

Value Added Tax

We are advised that VAT will not be chargeable on this transaction.


Note:

The auctioneers have not inspected the property. The internal photos and floorplan have been supplied by the seller.


Occupancy:

Subject to tenancies. Please check the legal documents for further information.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. 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. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price 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. A full definition can be found within the Buyers Terms.

Auction Details

Date 29th July 2021

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

20 Market Street, Heanor, Derbyshire DE75 7NR