Retail Property (High Street)
The former Barclays Bank comprises of two retail units which were amalgamated. Following the expiry of the High Street, the property is now arranged over the ground floor area together with first floor and second floor ancillary accommodation. Rear servicing is available.
Alfreton has a resident population of 23,000 with a retail catchment of approximately 138,000. The premises occupy a prominent corner location opposite the prime pedestrianised retail pitch of Institute Lane. Occupiers on Institute Lane include Home Bargains, Wilko, Peacocks, WH Smith, Card Factory, Air Ambulance and Bon Marche. High Street, the principal arterial road through Alfreton town centre is home to an eclectic collection of occupiers including Birds Bakery, The Post Office, Dominos, Nationwide Building Society, Subway, Farmfoods and Costa Coffee
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. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
