Retail Property (High Street)
*** Superb freehold unit in prime trading position with excellent potential to convert first floor accommodation to increase rent, subject to planning***
The property itself is a terraced retail unit of traditional brick and tile construction.
Internally it provides open plan retail, storage, office and welfare over two floors, with additional storage in the basement. Potential to divide into two separate self contained units subject to necessary planning.
Externally the property has customer parking and a separate garage/lock-up store with an area of approximately 499 sq. ft (46.36 sq. m), which was previously used for storage. There is also separate access to the first floor at the rear of the property. In our opinion there is significant potential to convert to a flat/apartment subject to obtaining the necessary planning consents
The building is located on High Street in the Derbyshire market town of Swadlincote alongside a number of national occupiers, including Santander, Greggs, Boots, Coral, Clarks, Lloyds, B&M and Morrisons.
The property has been measured on a net internal area basis in accordance with the RICS code of Measuring Practice (6th edition).
1,256 sq.ft (116.68 sq.m)
121 sq.ft (11.24 sq.m)
1,605 sq.ft (149.1 sq.m)
161 sq.ft (14.96 sq.m)
72 sq.ft (6.69 sq.m)
499 sq.ft (46.36 sq.m)
3,714 sq.ft (345.03 sq.m)
We understand that the property has the benefit of planning consent for Use Class E (Commercial, Business and Service), but it may be suitable for alternative uses subject to all necessary consents. Interested parties should confirm all planning information with the local authority (South Derbyshire Borough Council).
Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before 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 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 1.2% of the purchase price (subject to a minimum 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.
