Commercial Property
Situated within a historic and prominent Victorian building fronting onto Derby road at its junction with Blanch Croft, the premises occupy a ground floor prime retail position.
We are offering the long leasehold interest of 999 years in a prominent shop currently trading and let to the The Air Ambulance. The premises produce a yearly rental income of £15,250, on a 5 year FR & I lease from the 5th July 2017 with a 3 year break clause in July 2020. The lease expires on the 4th July 2022 and there is a rent review on the 5th July 2021.
The shop benefits from electric storage heaters, changing room, small staff kitchenette and toilet facilities.
Melbourne is a thriving historic town, lying 8 miles south of Derby and 9 miles from Ashby de la Zouch and within the National Forest. There is a comprehensive range of local shops, boutiques, retail high class shops and restaurants within the town, together with ease of access to the M1, M42, A50, A38 and East Midland Airport making this the ideal location.
With wash hand basin.
Leasehold. 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.
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