13th May 2019
New auction catalogue will have property buyers seeing double
Property buyers could find themselves doing a double take when they browse the latest catalogue from SDL Auctions Graham Penny ahead of the company’s third Derby auction of the year.
Among the lots going under the hammer at Pride Park Stadium on Friday 24 May are two adjoining cottages in Foston, two neighbouring shops in Melbourne and two apartments in a Victorian house in Ilkeston.
The properties are among a wide variety of lots which will appeal to investors and private buyers alike.
No. 8 is an end-terrace set well back from the road with a front garden and adjoining outbuilding. On the ground floor is a lounge, kitchen, lean-to and WC, while upstairs are two well-proportioned bedrooms. A shared driveway leads to the rear of the property. Next door, no 12 is a similar mid-terraced cottage which, like its neighbour, has an adjoining outbuilding and shared driveway leading to the rear.
The cottages offer a great deal of potential, according to head of auctions East Midlands, Robert Stone.
He said: “These could be charming cottages in their own right, appealing to private buyers, landlords and developers. However, there is also the option of converting them into one large family home, subject to the usual planning consents.”
Over in the thriving town of Melbourne, there’s a second double opportunity for a property investor in the shape of two neighbouring retail units.
29a Derby Road and 29b Derby Road are both long 999-year leaseholds of ground floor commercial premises within a historic and prominent Victorian building fronting onto Derby road at its junction with Blanch Croft. No 29a is currently let to The Air Ambulance at £15,250 per year, on a five-year lease which expires in July 2022, with a three-year break clause in July 2020. 29b produces an annual rent of £10,500 and is currently let to The Ivory Chapter Bridal Shop, although the tenants have given notice to vacate due to relocation in October 2019. The lots are being sold separately, each with a guide price of £115,000+.
Another pair of properties is a two-for-one lot at 1 Drummond Road, Ilkeston, which is a Victorian three-storey end-town house converted into two self-contained one and two bedroomed apartments. The ground floor apartment features a kitchen diner, bathroom, good sized double bedroom and a front sitting room overlooking Victoria Park.
The two bedroomed apartment is spread across three floors and features an entrance lobby, landing, fitted breakfast kitchen room, bathroom, double bedroom, front sitting room overlooking the park and an attic room/bedroom. An enclosed yard offers parking for three or four cars and there is a single detached garage. The lot has a guide price of £150,000+.
As always, terraced homes are likely to prove popular and there are several going under the hammer, including 269 Baker Street, Alvaston, a two double bedroomed mid-terrace with a guide price of £79,000+, 58 Trent Street, Burton on Trent, a three bedroomed mid-terrace requiring some modernisation, which has a guide price of £65,000, and 109 Water Lane, South Normanton, a three bedroomed end-terrace with a large parcel of land to the rear, offering development potential, subject to planning permission. This property has a guide price of £70,000+.
Land opportunities include a largely rectangular plot of around half an acre off Millstone Lane, Oakerthorpe, Alfreton, with a guide price of £85,000+, a car park off Markeaton Street, Derby, with development potential and a guide price of £25,000+, and land off Chevin Road, Belper, with a guide price of £37,000+ and the potential for development, subject to planning permission.
These are among 46 lots which feature in the new auction catalogue, which are due to be sold at Pride Park Stadium on Friday 24 May. The catalogue includes houses, flats, commercial and mixed-use properties, as well as building plots and other land.
Robert added: “The variety of lots going under the hammer this month just shows that there is no one typical auction lot, just as there is no typical buyer. It’s worth coming along to Pride Park Stadium to soak up the atmosphere and excitement see just how quick and transparent the auction process is. It’s the hassle-free way to buy and sell property.”
SDL Auctions Graham Penny is the largest and most successful auctioneer in the East Midlands with a wide network of developers, investors and private buyers looking for properties. The next Derby auction is on Thursday 25th July and to find out more about selling your property at auction, or to book a free auction appraisal, click here or call the team on 01332 242 880
* Each property is subject to a Reserve Price which may be different from the Guide Price. For full definitions see www.sdlauctions.co.uk/glossary.