Retail Property (High Street)
A mid-terraced building circa 200 years of age and operating as a retail shop at ground and first floor level with second floor storage.
The property comprises a very attractive mid-terraced building circa 200 years of age and operating as a retail shop at ground and first floor level with second floor storage. The property is a Listed building and is situated on Sadler Gate which is Derbys premier address for independent retailers and lies within the city centre Conservation area and the Cathedral Quarter district of the city centre.
The property is offered with immediate vacant possession and had been previously let at £20,000 per annum. If rented at this price again it would represent a 13.7% return based on the current guide price.
The total net internal floor area is 130.68 sq.m/1,404 sq.ft and the premises provide a very well appointed retail unit with first floor sales use and storage area within the second floor. The property retains a wealth of original features including exposed beams, stone fireplaces and is particularly well appointed with timber boarded floors, selective down-lighting and a heating and cooling system. There is a kitchenette off the rear sales area together with a wc facility. On the first floor, space provides two sale areas and has stairs off to the second floor.
The property is situated immediately adjacent to the well known Old Bell Hotel at the top end of Sadler Gate which is a popular retail trading location and nearby occupiers include Canopy & Brigdens amongst others.
67.76 sq.m / 728 sq.ft
27.11 sq.m / 291.8 sq.ft
35.81 sq.m / 385 sq.ft
130.68 sq.m / 1,404 sq.ft
We understand that mains gas, electricity, water and drainage are all connected to the property but interested parties should make their own enquiries of the relevant services.
The property has existing and established use consent for A1 Retail as defined by the Town and Country Planning (Use Classes) Order 1987. The property is believed to be Grade II Listed and falls within a Conservation Area. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Vacant possession upon completion.
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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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