Warehouse
The property comprises a single storey brick built building with corrugated roof located along Arundel Street in Derby. The building is set back from the street behind secure gates giving parking and space for lorries to manoeuvre.
The building is accessed via a trade entrance leading to trade counter and open warehouse space extending approximately 2,277 s. ft of storage space including small office area, kitchen and wc facilities.
Beyond the trade counter are further offices of block construction with a GIA of approximately 1,600 sq.ft.
The building also benefits from 16 ft high gates accessing the main warehouse allowing easy loading of goods. The gates were not in use upon inspection and had been covered with partition wall.
There is a pending outline planning permission application for the creation of six apartments under reference 19/00435/OUT . We feel that there is space for a higher density although this is subject to planning approval.
The building is set back from Arundel Street to the left of number 2 in an area of mainly terraced housing. Derby city centre is within walking distance from the site.
We understand that VAT will not be chargeable on this transaction.
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.
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