FOR SALE 9, 9A and 9B Stamford Street, Ilkeston, Derbyshire, DE7 8FL PRICE REDUCED FOR LIMITED PERIOD: 173,000 *Mixed use Investment Property* *Warehouse/Workshop: 148.71 Sq.m. (1,600 sq.ft.)* *Two Large Self Contained Apartments each with Two Bedrooms* *Double Length Garage/Workshop* *Substantial Impressive Building in Town Centre Location* *Would suit Investor or Owner Occupier*
Ref: H000007 - Page 2 of 6 The Full Details Comprise: - DIRECTIONS From the Tesco Island take the exit onto Bath Street. Stamford Street is the second turning on the left. Proceed to the end of Stamford Street and the property can be found on the corner with Durham Street. GENERAL DESCRIPTION This is a substantial property consisting of two apartments, workshop and large garage. The ground and first floor apartments have very generous proportions and form part of an impressive Victorian building with attractive facade. A Workshop is located to the rear of the Apartments and a Garage to the side. WORKSHOP, 9 STAMFORD STREET An L-shaped self contained workshop with concertina doors facing Durham Street. Maximum depth 14.66m (48' 1") x maximum width 12.79m (42' 0"). Plus separate office and w.c. Gross internal area: 148.71 sq.m. (1,600 sq.ft.). Benefits from steel truss frame, insulated roof, three-phase electricity and gas fired blow heater. Currently let for vehicle repairs at a rental of 500 per calendar month. 9A STAMFORD STREET - GROUND FLOOR FLAT Large two bedroom apartment with open plan kitchen/diner/lounge and gas central heating. KITCHEN 2.10m (6' 11") x 3.22m (10' 7") LOUNGE AREA 3.94m (12' 11") x 3.96m (13' 0") BEDROOM ONE 3.94m (12' 11") x 3.97m (13' 0") BEDROOM TWO 3.99m (13' 1") x 3.98m (13' 1")
Ref: H000007 - Page 3 of 6 BATHROOM 2.11m (6' 11") x 2.52m (8' 3") PLUS SEPARATELY ACCESSED KITCHEN/STORE 2.22m (7' 3") x 5.61m (18' 5") The apartment is currently vacant except for the separately accessed Kitchen/Store which is used by the workshop tenant. 9B STAMFORD STREET FIRST FLOOR FLAT The apartment has separate access via a substantial staircase and landing at the rear and provides two bedrooms, lounge, kitchen, bathroom and separate w.c., with gas central heating as follows: KITCHEN 2.48m (8' 2") x 2.11m (6' 11") LOUNGE 6.19m (20' 4") x 3.96m (13' 0") BEDROOM ONE 3.99m (13' 1") x 3.98m (13' 1") BEDROOM TWO 3.98m (13' 1") x 3.96m (13' 0") BATHROOM 1.34m (4' 5") x 2.67m (8' 9") SEPARATE W.C. SEPARATE GARAGE This is a substantial structure with maximum dimensions of 12.19m (40' 0") x 4.57m (15' 0"). Suitable for use as a Garage and Store. May also serve as a Workshop or Workroom, subject to any necessary planning consent.
Ref: H000007 - Page 4 of 6 INVESTMENT POTENTIAL This is clearly a very versatile property capable of generating several income streams. In addition to the rental being collected from the Workshop in the sum of 500 per calendar month the vendor advises that each of the Apartments were previously let for 390 per calendar month and the Garage for 25 per week. Therefore, the property has a gross potential income exceeding 15,000 per annum. There may also be scope for creating additional living accommodation in the roof space, subject to any Local Authority consents. Alternatively, the property may suit an owner occupier. BUSINESS RATES The rateable value of the Workshop is 2,550. The business rates payable for 1st April 2015 to 31st March 2016 are 1,257.15. Enquiries regarding small business rate relief should be made with Erewash Borough Council. COUNCIL TAX - 9A AND 9B STAMFORD STREET The apartments are in Council Tax Band A. TENURE The workshop is occupied under a tenancy agreement which was granted for a period of 12 months from the 3rd April 2012. The tenant is "holding over" under the terms of that tenancy agreement. The two apartments and garage are vacant. PRICE Price reduced for limited period 173,000 ENERGY PERFORMANCE CERTIFICATE Awaiting EPC VIEWING By prior appointment with the Agents on (01773) 535353.
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Ref: H000007 - Page 6 of 6 AGENTS NOTES Fixtures, Fittings & Appliances - The Fixtures, Fitting and Appliances have not been tested and therefore no guarantee can be given that they are in working order. Measurements - All measurements quoted are approximate, taken using an ultrasonic tape measure and are given for guidance purposes only, and are not to be relied upon for any other purpose. Photographs - Please be aware that all photographs are produced for general information only and cannot be inferred that any items shown are included within the sale of this property. Drawings/Sketches/Plans Any representation shown is provided for general guidance only and is not to scale. of your offer, we will need to obtain certain financial details and information from you. This can either be taken over the telephone or by appointment with our mortgage advisor which ever is preferable or most convenient to you.