Commercial Property
The property provides a well presented retail outlet with traditional frontage and display windows to Sadler Gate, and open-plan retailing area with suspended ceilings and carpeted floor with electric storage heating. To the rear of the sales area is a changing room and ancillary space with stairs off to the upper floors. The first floor provides two rooms suitable for either office or secondary retail with kitchen area and wc. The second floor provides a further two rooms suitable for office or storage space.
The property is situated on Sadler Gate which is a popular retail trading location within the heart of the Cathedral Quarter district of the city of derby. Nearby occupiers include White Stuff, Joules, Brigdens and Dr Martens together with a number of independent fashion retailers.
The specific floor areas are as follows -
Sales area - 360 sq.ft (33.36 sq.m)
Ancillary - 75 sq.ft (7 sq.m)
247 sq.ft (22.95 sq.m)
363 sq.ft (33.72 sq.m)
We understand that the property has existing use consent for A1 Retail as defined by the Town and Country Planning (Use Classes) Order 1987. The property falls within a conservation area but is not listed.
Please contact our joint agent, Gadsby Nichols 01332 290390
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.
