Mixed Use
A high yielding opportunity to acquire a freehold mixed use property, split into three units arranged over four floors, located on the fringe of Belper Town Centre, situated on a prominent and busy trading position just off the A6, close to Morrisons.
The property is fully let and producing a combined income of £15,600.00 per annum.
Number 28 is let on a 10 year agreement from 21st January 2024 at £450 per calendar month (£5,400 pa) - increase at year 3 and 7.The premises comprises of a shop frontage with entrance hall with inner lobby and under stairs storage, and two rooms.
Number 28a is a two bedroom flat, let on assured shorthold tenancy agreement producing £650 per calendar month (£7,800pa) from 27.08.2024.The accommodation in brief comprises, ground floor entrance with stair case, landing, lounge, inner lobby, bedroom, bathroom with fitted shower, fitted kitchen with built-in-appliance, enclosed staircase leads to loft room/bedroom with roof light.
Number 30 is let from 1st July 2024 at £200 per calendar month (£2,400pa) - increase at year 3 to £250pcm and year 7 in line with inflation (subject to them making improvements etc). This property forms part of the shop frontage with stairs leading a basement/offices with access to the garden.
Outside there is shared pedestrian access leading to the low maintenance tiered garden.
The historic market town of Belper is located at the heart of the Derwent Valley Mills World Heritage Site. Belper is well known for the iconic East Mill nestling alongside the beautiful river gardens close to the bustling, award wining town centre, where there is an abundance of independent shops, public houses/restaurants and leisure facilities. There is also a train station and the A6 is the main arterial road through the heart of Belper provides swift access onto the city of Derby located some 8 miles to the south. Nearby attractions include the famous Chatsworth House and the charming spa town of Matlock surrounded by some delightful rolling Derbyshire countryside.
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 under and Unconditional sale type.
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.
