Commercial Property
The property comprises an attractive two storey building of great character, being of brick construction with a slate pitched roof and with many original features and benefiting from car parking to the front and rear.
The property briefly comprises well presented accommodation including an attractive entrance and hallway, 12 office suites, communal kitchen, rest room and WCs, cellar and attic storage and good on-site car parking.
The property occupies a prominent frontage to the western side of the A514, Osmaston Road, just south of Derby City Centre and close to the London Road Community Hospital.
There are a number of similar style of properties within the immediate vicinity, which have been adapted for office, other commercial uses and residential uses.
We understand that the property is Freehold and is being sold subject to the following Licence Agreement:-
We have not undertaken a measured survey of the premises, however we note that the net internal area is approximately 3,236 sq.ft. (300.60 sq.m.) or thereabouts.
VAT may be chargeable, please refer to the Special Conditions of Sale within the legal pack.
Strictly by arrangement with the Auctioneers.
Freehold. Commercial investment.
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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