Commercial Development
DRAFT DETAILS. Unique opportunity to acquire a Grade II listed commercial unit believed to measure approximately 4000 sq ft. The building is of brick construction over three floors and benefits from planning consent for to convert into nine apartments. We believe that the property would lend itself to other uses such as a nightclub or restaurant, subject to the appropriate planning consent.The property is in a prominent location in the bustling Derbyshire town of Alfreton. Situated with easy access to Derby, Nottingham and Sheffield. Requires full upgrading and refurbishment. Excellent investment opportunity.
Planning details: Planning permission was granted by Amber Valley Borough Council on 25 January 2017 under planning reference: AVA/2016/1108
The property also benefits from planning permission to convert into a restaurant and banqueting hall. Planning permission was granted by Amber Valley Borough Council on 7 July 2015 under planning references: AVA/2015/0318 & AVA/2015/0319
If built in accordance with the existing planning permission to convert into nine apartments the accommodation would comprise:
Three bedroom flat
Two bedroom flat
One bedroom flat
Three bedroom flat
One bedroom flat
One bedroom flat
One bedroom flat
Gallery level for flats 5, 6 & 7
Two bedroom flat
Two bedroom flat
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 as Unconditional with Fixed Fee.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
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