Gibb Street, Long Eaton, Nottingham, Derbyshire, NG10 1EE

FOR SALE BY AUCTION: terms and conditions apply.

We are delighted to bring to market this fantastic investment opportunity located on Gibb Street, Long Eaton. Offering excellent potential for investors, developers, or owner-occupiers, this substantial mixed-use property comprises two commercial units to the ground floor and a first-floor space with planning permission granted to be converted into a one-bedroom flat.

Situated in the heart of Long Eaton, the property benefits from a highly convenient location just a short distance from Long Eaton town centre, providing easy access to a range of local shops, amenities, cafés, and services. The property is also ideally positioned for commuters, with excellent transport links nearby including regular bus routes, Long Eaton train station, and quick access to the A52, connecting directly to both Derby and Nottingham.

The ground floor offers two versatile commercial units which could lend themselves to a variety of uses, subject to any necessary permissions. Whether for retail, office, studio, or service-based businesses, the units provide flexible accommodation with excellent potential for refurbishment and improvement.

To the rear of the property, there is the added benefit of off-road parking for two vehicles, a valuable feature for both commercial and future residential occupants.

The first floor currently offers spacious accommodation with planning permission already granted for conversion into a one-bedroom flat. Access is provided via a shared staircase with the neighbouring property. The upstairs accommodation requires modernisation throughout but provides an excellent opportunity for buyers to add value and create an attractive residential dwelling.

This property offers huge scope and flexibility for those seeking a mixed-use investment in a well-connected and popular location. Early viewing is highly recommended to fully appreciate the potential on offer.

Description

Fantastic investment opportunity located on Gibb Street, Long Eaton. Offering excellent potential for investors, developers, or owner-occupiers, this substantial mixed-use property comprises two commercial units to the ground floor and a first-floor space with planning permission granted to be converted into a one-bedroom flat.

Location

Situated in the heart of Long Eaton, the property benefits from a highly convenient location just a short distance from Long Eaton town centre, providing easy access to a range of local shops, amenities, cafés, and services. The property is also ideally positioned for commuters, with excellent transport links nearby including regular bus routes, Long Eaton train station, and quick access to the A52, connecting directly to both Derby and Nottingham.

Tenure

Title number DY175194 - Freehold

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.