Mixed Use
DRAFT DETAILS - A mixed use property comprising a retail unit and two apartments located in a prominent position along Smedley Street in Matlock.
The property comprises a three storey mid-terraced stone built building with a commercial unit to the ground floor and a residential flat at the rear along with a larger apartment over the second and third storeys.
The commercial unit fronts Smedley Street with a glass frontage and is split into two trading areas with a combined NIA of approximately 500 sq.ft. The unit also benefits from a wc and separate storage and a large dry cellar extending approximately 240 sq.ft.
The residential units are accessed from the rear of the property by a dedicated path running from Bank Road leading to a private patio area.
Apartment 1 is a ground floor bedsit with lounge, kitchen and wc.
Apartment 2 is a spacious four bedroomed property with a lounge and kitchen diner thought suitable for a HMO style letting subject to obtaining appropriate planning consent. The approximate dimensions are as follows:
First Floor Lounge - 250 sq.ft.
First Floor Kitchen - 120 sq.ft.
First Floor Bathroom - 112 sq.ft.
Second Floor Room One - 115 sq.ft.
Second Floor Room Two - 120 sq.ft.
Second Floor Room Three - 100 sq.ft.
Second Floor Room Four - 95 sq.ft.
We estimate a potential income of circa £29,000 per annum based on a HMO style letting and an individual letting for the bedsit and commercial unit.
The property is situated in the heart of Matlock close to the junction with Bank Road. The area comprises mainly stone built residential buildings with mixed use small independent units within the immediate vicinity. There is ample local parking close to the property along with on-street parking along Smedley Street.
We understand that VAT will not be chargeable.
Strictly by appointment with the auctioneers.
Vacant.
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.
