Mixed Use
Located to the rear of the property is a substantial yard and a single storey rear building which would allow itself for further development (subject to the usual planning consents). We are informed by the seller that this has been previously let as accommodation.
To the front there is a prominent ground floor lock-up retail shop with an additional room to the side, rear passageway from the display room leads to a single wc facility with wash hand basin which is reserved for the sole use of the shop tenant.
The passageway provides access to an internal staircase to the upper floors where there are two one bedroom flats on the first floor and a two bedroom flat on the second floor.
There is a further one bedroom flat to the ground floor rear which is approached from a communal yard with pedestrian access from Henry Street.
The property occupies a very popular location and situated within yards of the City centre and is also well positioned for Pride Park and the A52.
The premises are currently fully let and income producing as follows:
£6,500 per annum exclusive
The shop premises have been let by way of a new lease for a term of 2 years from 17th November 2017.
£5,100 per annum
£4,920 per annum
£4,920 per annum
£5,400 per annum
We believe that all mains services are available and connected.
We understand that the ground floor shop premises currently benefit from a permitted use falling within Class A1 (Shops) of the Town & Country Planning (Use Classes) Order as amended.
Interested parties should, however, make their own enquiries of Derby City Council in order to confirm the current position and to determine whether they require planning consent for their proposed use of the premises.
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
