Retail Property (High Street)
DRAFT DETAILS - A mid-terraced two storey brick-built building surmounted by a flat roof previously occupied by Bright House offering a prime double fronted position within a parade of both national and local retailers.
We have been advised of the following but have not internally inspected the premises so would advise interested parties to make their own enquiries.
The ground floor of the premises extends to approximately 3,300 sq.ft of retail space with the first floor extending to approximately 1,400 sq.ft of office and storage space.
Externally to the rear there is access via a service road.
We feel the premises could be split into two smaller units to the ground floor and a separate office unit to the first floor (subject to obtaining appropriate planning ) or re-let in current configuration.
The premises occupy a prime position located on the pedestrianised Institute Lane close to the junction with the High Street in Alfreton town centre. Alfreton itself is a busy Derbyshire town close to Junction 28 of the M1. The property benefits from being in a central retail location within close proximity of national retailers such as Greggs, Card Factory, WH Smiths, Wilkinsons and B&M Stores amongst others.
We understand that VAT will not be chargeable on this transaction.
We understand that the property is Freehold and vacant possession will be given upon completion.
As to the part tinted blue on the title plan, only the first floor
is included in the title.
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.
