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Floorplan
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    Key features

    • Former Educational Centre / Office Opportunity
    • Comprising approximately 1,080.90 sq m (11,634 sq ft)
    • Asset management opportunities
    • Change of use / development potential
    • Low Capital Value per square foot on Guide Price (£49.85 psf)
    • VAT is applicable
    • Offered with Vacant Possession

    Description

    This purpose built property is arranged on ground and two upper floors to provide teaching facilities. The accommodation is of a modern fit out and provides lift access. Access is from the Leisure Centre car park to the rear and off King Street to the front via a right of way through the Genesis family entertainment centre. The property benefits from car parking on the adjoining Leisure Centre car park for 20 cars. Two new boilers have been fitted.

    Additional information

    Tenure

    Leasehold. Held for a term of 999 years from 17.07.2017 at a peppercorn ground rent. The car park spaces are held, by way of a sublease, for a term of 70 years from 26th February 2015 at a rent of £1.78 per annum.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. 


    Ground Floor - 376.30 sq m (4,051 sq ft)

    First Floor - 355.20 sq m (3,824 sq ft)

    Second Floor - 349.30 sq m (3,760 sq ft)


    Total - 1,080.90 sq m (11,634 sq ft)

    Tenancy

    Offered with Vacant Possession

    Notes

    VAT is applicable.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The market town of Alfreton is situated in the Amber Valley at the junction of the A38 and A61. The town is 4 miles west of the M1 Motorway Junction 28, midway between Derby and Sheffield.

      The property is situated within a larger educational and leisure scheme, on the west side of King Street, opposite its junction with New Street within an established area in the town.

      Occupiers close by include Alfreton Leisure Centre (to the rear), Genesis Family Entertainment Centre (adjacent) and Lloyds Pharmacy amongst other local occupiers.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

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

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums