Mixed Use in Swadlincote

44 Linton Road, Castle Gresley, Swadlincote, Leicestershire DE11 9HS
  • Lot No: 60
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £90,000+ plus fees

Result Sold Prior to Auction

Property Description

A freehold mixed use investment opportunity comprising a commercial unit and a residential dwelling held on a protected tenancy agreement. The property comprises a two storey brick building consisting of a retail unit trading as a dog food and accessories shop called Dapper Dogs to the front of the ground floor. The unit is held on a 3 year term commencing January 2022 and has a current rent passing of £5720 per annum paid weekly. The remainder of the ground floor and the first floor is held on a protective tenancy agreement with the tenant currently paying £106 per week rent. The residential unit is accessed via the rear and through the garage doors. The building benefits from a garage which has a WC to the rear (used by the shop), however, the garage itself forms part of the protected tenancy agreement. Please note the auctioneers have not inspected this property internally, however we are advised the finish to be in a reasonable condition throughout with the rear ground floor having a bathroom, kitchen and lounge and the first floor having four bedrooms. The property provides a very robust low risk investment with long term potential. Interested parties are advised to inspect the legal pack for more information. Total Gross annual income £11,232.

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 26th May 2022

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

44 Linton Road, Castle Gresley, Swadlincote, Leicestershire DE11 9HS