Mixed Use
The property comprises a valuable mixed-use investment and has been constructed of rendered brick beneath a pitched slate roof. The property is located within a parade of three mixed-use commercial premises fronting Blenheim Drive and comprises a large retail unit to the ground floor with two self-contained residential apartments to the first. In further detail, the ground floor comprises an attractive front retail area with a double window shop frontage, along with a partitioned storage room, kitchen and WC to the rear. The first floor residential accommodation can be accessed separately with both flats currently let on standard AST agreements at £405 pcm and £475 pcm respectively. Externally, the property benefits from a rear communal yard with gated access to the adjoining Askerfield Avenue along with a tarmacadam forecourt allowing for dedicated parking for up to four vehicles.
Allestree comprises a popular suburban area approximately 3 miles to the north of Derby City Centre with the main retailing provision of the borough being centred around the Park Farm shopping Centre and Blenheim Drive (of which the property is located). The area is well represented by a plethora of independent retail traders serving both the immediate area and wider catchment to the north of the city.
We understand that the property falls within use class E and use class C3 respectively but may be suitable for alternative uses subject to the necessary planning consents. All planning information should be confirmed with the local authority.
Freehold. Part let/part vacant.
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.
