Commercial Development in NG10

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

Brochure

Tenure: Freehold

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Starting bid£135,000

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Key Information

Parking: On Street

Property features

Two ground floor commercial units
Spacious first floor accommodation
Vacant property
First floor accommodation with planning permission granted for conversion into a one-bedroom flat
Shared staircase access to the first floor
Mixed-use investment opportunity
Versatile commercial spaces suitable for a variety of uses (subject to permissions)
Viewing highly recommended

Commercial Development in NG10

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 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. 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.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

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