Bondgate, Castle Donington, Derby £375,000

We are delighted to bring to the market a fantastic mixed use investment opportunity, including a ground floor retail premises, 4 self contained apartments, 4 garages, storage space and parking for 6 cars, with potential to develop further subject to gaining the relevant planning permissions.

Full Description
For sale by public auction with SDL Auctions on 30th June 2022 (please see the SDL auction website for details of how to bid).

An opportunity to invest in a mixed use property which comprises a ground floor retail premises, residential accommodation of 3 self contained apartments, currently all tenanted on shorthold AST's and 1 further apartment with has been sold on a long lease.

Also included is a car park with space for 6 parked cars, and 4 garages and additional storage space. (The current owner reserves the right to rent the storage space for £200 PCM on an on-going basis).

The garages have potential to be converted into another apartment or office space, subject to gaining the relevant planning permissions.

Location
The property is situated in the heart of Castle Donington, within a stones throw of Borough Street which has an array of independent shops, cafes and amenities.

Castle Donington has excellent transport links to the A50, Junction 24 of the M1 and the A453, which allows easy access to Derby, Nottingham and Leicester. East Midlands airport is situated on the outskirts of Castle Donington.

Castle Donington is famous for its world renowned racetrack.

Amenities
The property is within walking distance of local amenities within the Town Centre.

Viewing
Viewing is accompanied and available upon request.

VAT
VAT is not applicable to the purchase price of the property.

Legal Costs
Legal costs are covered by each individual party.

Planning
The property has the potential to convert existing garage space into an additional residential unit or office space, subject to achieving the relevant planning permission.