Property description

A vacant Freehold Re-Development Opportunity to convert and extend the existing property to provide 19 x 2 Bedroomed Apartments, subject to any necessary planning consents. Drawings are available for inspection, however potential purchasers should make their own enquiries.

The property comprises of two 3 storey interconnecting double fronted buildings which are currently used for the purposes of a bar, 3 function rooms and 6 bedroomed residential accommodation to the second floor. The rear of the ground floor has been significantly extended to provide function room accommodation with additional yard to rear

The premises also benefits from substantial car parking provision to the front.

We are advised that No 17 Derby Lane has received planning permission to convert to provide 4 Self contained apartments. Planning Ref: 13F/0340

GUIDE PRICES & RESERVE PRICES

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Property Features :

• SUTTON KERSH ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : 31-MAR-2016
• LOT NUMBER : 53
• A VACANT FREEHOLD RE-DEVELOPMENT OPPORTUNITY.
• Development Opportunities