Commercial Property
DRAFT DETAILS AWAITING VENDOR APPROVAL. The DIY and Pet Store lease has recently been renewed by the existing tenant for a further term of 6 years at a rent of £21,600 p.a. The two-bed flat to the first floor is on an annually rolling lease producing £6,000 p.a.
The property sits within an established and busy parade of retail properties in the popular Derby suburb of Littleover. The building would suit investors with commercial and/or residential portfolios.
The main ground floor retail area offers 813sq ft of accommodation. In addition, there are several ancillary areas including storerooms, staff kitchen, staff toilets, staff office and boarding rooms for both birds and reptiles. To the rear of the premises are further rooms providing sawdust, firewood and a large wood store. There is an enclosed yard beyond.
The residential accommodation is accessed separately from the left of the shop front, leading to a stairwell to the first floor. The stairs lead to a first-floor landing, off which is a bedroom, bathroom, 2nd smaller bedroom, kitchen and living room.
Main Retail Area: 75.56m2 (813sq ft)
Store 1: 14.4m2 (155sq ft)
Store 2: 2.61m2 (28sq ft)
Staff Kitchen: 6m2 (65sq ft)
Staff office: 6.86m2 (74sq ft)
Boarding room 1: 10.7m2 (115sq ft)
Boarding room 2: 6.6m2 (71sq ft)
Sawdust Room: 10m2 (108sq ft)
Kindling Room: 15.5m2 (167sq ft)
Workshop: 16.7m2 (180sq ft)
Store: 6.3m2 (68sq ft)
Covered Wood Store: 50.4m2 (543sq ft)
Bedroom 1: 2.85m x 2.4m with rear facing window and electric radiator.
Bedroom 2: 2.5m x 1.9m currently used for storage.
Living Room: 3.95 x 3.4m with front facing window and electric radiator.
Bathroom: 2.2m x 1.55m with WC, WHB and shower.
Kitchen: 3.9m x 1.9m fully fitted with wall and base storage units, oven/hob, sink unit and rear facing window.
Outside Area: Rear yard extending to 50m2 (538sq ft)
Freehold.
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.
