Storage
Property Description:
This is an excellent investment opportunity and will surely appeal to a small company or single trader in the Derby area.
SB034 is on the 2nd floor and measures 110 sq ft.
TA002 is on the 3rd floor and measures 110 sq ft.
The two storage pods are let on a week-by-week basis and in the previous three years the average rent has been £2500 per annum. Based on comparable evidence.
Store First is a purpose built facility catering for both domestic and business self-storage customers. On-site facilities for occupiers include free wi-fi, board room facilities, work spaces and a gym.
Leasehold
Long leasehold from and including 1 November 2013 for 999 years
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure:
Leasehold. Subject to tenancy.
Unexpired Years
987
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.
