Block of 4 flats and 3 building plots.
A superb development opportunity comprising of a substantial property offering 4x self contained flats along with a building site with planning permission for 3x detached dormer bungalows.
The block of flats are fully let at £19,284 per annum. - 3x One Bed Flats and 1x Studio Flat.
Adjacent land with planning permission granted for 3x detached dormer bungalows.
Planning Ref 20/00686/FUL
Each bungalow will offer two bedrooms and two bathrooms along with gardens and parking. Full information regarding the building plot is available on Derby City council website.
Lounge, Kitchen, Bedroom, Bathroom
Hall, Lounge, Kitchen, Bedroom, Bathroom
Hall, Lounge, Kitchen, Bedroom, Bathroom
Lounge / Bedroom, Inner Hall, Kitchen, Bathroom
Each bungalow will comprise of: Hall, Lounge, Kitchen, Bathroom, 2 bedrooms and ensuite. Gardens and parking for 2 cars. Planning Ref: 20/00686/FUL
May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
