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126, New Street, BURTON-ON-TRENT, Staffordshire, DE14 3QW

12th March 2019
starts 10:00 AM at Grand Connaught Rooms
last bid was £376,000, available for
£450,000

Tenure: Freehold

Freehold investment with planning permission
Ground and first floor let at £35,735 per annum
Planning permission granted to convert upper floors to seven apartments


Location:
Situated within the heart of Burton-on-Trent this prominent building is located within the main commercial district of the town yet close to residential properties and benefits from close proximity to the main shopping district of Burton-on-Trent. New Street itself leads off Union Street
with the property located on the north side off New Street. The town is host to an extensive range of shopping facilities and recreational pursuits. The area is also well served by public transport links which include local bus routes serving the surrounding area and a mainline rail connection within the town. Road links are provided by the A38 which leads north east towards Derby or south west to Lichfield.

Description:
This character imposing and substantial building is arranged over four floors with the internal area exceeding 560sqm (6,027sq.ft.). It is currently arranged to provide two ground floor retail/office areas with office accommodation above over the upper floors with parking to the rear.

Tenancy:
The entire ground and first floor is currently let to Juniper Training on a full repairing and insuring lease for a term of 3 years expiring December 2020 at a fixed rent of £35,735 per annum.

Note:
Juniper Training is a provider of technical and vocational secondary education with courses such as traineeships, apprenticeships and recruitment services. Juniper Training (co. no. 04757246) was incorporated 8th May 2003 and currently trades from 15 centres throughout the West Midlands, East
Midlands, Staffordshire and Greater Manchester.

Planning:
Planning permission has been granted by East Staffordshire Borough Council on 1st August 2016 (application no. P/2016/00778) for the conversion of the upper floors to form seven self contained apartments. Once completed this will provide:
First floor: 1x two bedroom apartment and 1x three bedroom apartment
Second floor: 3x two bedroom apartments
Third floor: 2x one bedroom apartments

Copies of the planning permission and additional plans are available from the auctioneers.

Possession:
Current rent reserved £35,735 per annum plus vacant possession of two upper floors.

To view:
Strictly and only by arrangement with the auctioneers/joint auctioneers: Exclusive Property Consultants,
Tel: 0208 432 7330.




Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 20th March 2019 at 10:03 AM

what's next?

Before making an offer or attending the auction to bid, we recommend that you visit the property, check all of the contents of the legal pack and where appropriate ask your solicitor to check this too. You also need to ensure you have means to pay the deposit, our contract documentation charge and have the funds available to meet the full purchase cost on completion. For more information please read our buyers guide.
1
arrange a viewing
We arrange open house viewings on many lots or have arranged for local agents to hold keys. Some viewings may be external only and properties with tenants may not be available to view internally.
2
check or show your lawyer the legal pack/s
Click the "Legal Docs" button at the top of this page to download the legal pack for this lot. If the pack is not yet available just save the Lot to “my lots” and we will contact you as information becomes available or gets updated.  Please also review the general conditions of sale which are applicable to every lot.
3
arrange the needed funds
Ensure you have means to pay the deposit, our contract documentation charge and have the funds available to meet the full purchase cost on completion. Click here to visit service providers that may be able to help you.
4
schedule the auction in the diary
Add the auction to your online calendar or diary. When attending in person, be sure to arrive in good time in order to register. We suggest you arrive around one hour prior to the lot being offered.
5
register to bid / telephone bidding
You can bid by attending the auction in person or we can arrange for you to bid by telephone or you can instruct us to bid for you by proxy. Get started and register today.