Commercial Property
A substantial high street, investment opportunity.
A former high street bank, split over three floors occupying a total site area of 296.17m. The property is situated just one mile outside of Derby City Centre on a busy high street, close to the junction with Belgrave Street. The surrounding area is occupied by predominantly retail units including Southgate Retail Park which is less than 100 metres to the north. The area is well serviced with plenty of transport links nearby and parking is available adjacent to the property. The property provides a variety of development opportunities, subject to the relevant consents. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Please note: the property is believed to be occupied but no tenancy agreement or legal lease details are available. Please refer to clause 39 of the special conditions within the legal pack. Prospective buyers must make their own independent enquiries prior to bidding, as any bid made will be binding.
NOTE: Bidders will be required to pay a £10,000 deposit prior to auction before being authorised to bid.
121 sqm(which has been split off from the upper floors in order to create a separate lettable space)
79sqm
31sqm
8sqm
239sqm
These sales details are awaiting vendor approval.
Please be advised that the auctioneers have not personally inspected the property. In addition, please note clauses 21 and 39 of the special conditions within the legal pack in respect of occupancy. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. See legal pack.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 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.
