Retail Property (High Street)
Located along the main shopping parade in the heart of Belper Town Centre, is a stone built two storey retail unit, currently let at £10,000 per annum exclusive, rising to £12,000 for years, 3, 4 and 5.
The current tenants have been in occupation since 22/09/2022 and have lovingly maintained and improved the property considerably in recent times.
Internally the property consist of a glazed frontage with main hairdressing room measuring 26ft 7 x 16ft 8, kitchenette with staircase, lower level room and guest Wc. To the first floor there are two ancillary rooms.
The historic mill town of Belper is positioned along the A6, nestled within the beautiful Derwent Valley, positioned approximately 8 miles north of the city of Derby. The town has an excellent range amenities along with a train station and a short commute to the famous Chatsworth House.
Excellent high yielding residential investment opportunity.
The accommodation has been measured on a net internal area basis in accordance with the RICS Code of Measuring Practice (6th edition). Total Net Internal Area: 733 sq ft / 68.2 sq m.
We understand the property falls under use class E however may be suitable for alternative uses subject to the necessary planning consents. All planning information should be confirmed with the local authority.
We understand that all main services are connected to the property with the exclusion of gas.
The property is currently listed on the valuation office website as having a rateable value of £8,700.
We are informed by our client that the property is not subject to VAT.
Prospective buyers are advised to make all necessary independent enquiries 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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 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.
