Residential Development
**EIGHT WEEK COMPLETION AVAILABLE** The very attractive 3,500 sq.ft freehold property is located in a handsome parade of Grade II listed buildings. For sale is this building (upper floors) which benefits from full planning consent* for the creation of a large eight bedroomed HMO along with dedicated access front and back with ground floor laundry and bike rooms. Interested parties are advised to inspect the planning documentation via the Derby City Council planning portal number 20/00485/FUL for more information. The building is currently configured with storage space to the ground floor, along with office space to the first and second floor. Planning support from the shops below has been received for the application. (*planning consent due by the auction date.)
An eight week completion on the sale of this property is available.
The building is located on Wardwick in Derby within an area of both commercial and residential dwellings and is close to the Debenhams redevelopment scheme and on the corner of the approved £200m Becketwell Development Site.
We understand that VAT will not be chargeable on this transaction.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
Leasehold.
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.
