13 bed Flat For Sale £399,000
West Street, Swadlincote, Derbyshire, DE11

For Sale by online auction with Royal Estates Tuesday 23rd-25th May 2023. Guide Price £399,000. A freehold building with fantastic potential for a residential conversion with a positive Pre-app for 13 Units.

Viewings available upon request. 

An extremely rare opportunity to acquire this former Cinema which is located in the thriving area of Swadlincote. The site could potentially be used for a multitude of uses such as residential conversion, mixed use investment, a potential Hotel and much more. (subject to planning) 

The site currently occupies approximately 9880sqft across 4 floors, which is currently in good condition and comprises of a huge ground floor retail area which had previously been used as a restaurant with an A5, A3 and alcohol licence. On the first floor a commercial grade kitchen is located with various rooms including large scale toilets, office space and storage facilities. The further two floors are currently used as storage space which has huge potential for ree-development. 

External space is also offered to the left and right side of the premises. 

We have been advised that a positive pre application was previously submitted for 13 apartments as similar buildings in the vicinity have been approved for planning consent. 

Swadlincote is a former mining town in the district of South Derbyshire England, lying within the National Forest area. It borders the counties of Leicestershire and Staffordshire 5 miles south-east of Burton upon Trent and north-west of Ashby-de-la-Zouch and 11.5 miles south-west of Derby.

EPC: C(69)

*FREE VALUATIONS* 

For a free valuation on your property, worth £30, contact Royal Estates directly OR scan the QR code pictured above.  

BIDDING

For bidding please visit the bidding platform: underthehammer. com

*START PRICES & RESERVE PRICES

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.

EPC

EPCs can be viewed in full on the website underthehammer. com on the sales details page or in the legal pack.

UNCONDITIONAL AUCTION DETAILS

Contracts are exchanged immediate at the end of the auction and a 10% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.

Completion will be 4 weeks. (28 days)

Every buyer must first create an account at underthehammer. com platform, Remote bidding facilities are also available, contact Royal Estates for further details.

FULL TERMS & LEGAL DOCUMENTATION

Available on the platform underthehammer. com