Storage
A ground floor storage container measuring 100 square feet (9.3 square metres) within the main building. Currently sub let, on a week by week basis and producing an income of £992 p.a.
Capable of owner occupation or subletting, containers can be accessed 24 hours a day / 7 days per week. Store First is a purpose built facility catering for both domestic and business self‐storage customers. Onsite facilities for occupiers include Free WiFi, boardroom facilities, workspaces and gym.
A ground rent of £50 p.a. is payable.
The pods currently form part of a larger assessment with rates not currently being recharged to long leaseholders. Rates may be recharged or become the responsibility of the long leaseholder in the future. When the units are occupied a service charge is payable to the freeholder towards the cost of facilities, utilities and insurances.
The current years budget is £1.95 psf.
A management fee is also charged equating to 12.5% of the rental income.
Leasehold. Long leasehold on effective FRI terms with c 993 years remaining.
We are advised all mains services with the exception of gas, are
connected to the main building and the costs are recovered via the service charge.
We understand the premises benefits from B8 (Storage and
Distribution) use under the Town and Country Planning (Use Classes) Order 1987.
Pride Park is a substantial and well‐established Business Park just 1.5 miles southeast of Derby City Centre. The business park currently extends approximately 180 acres, with approved plans by St. Modwen Developments for another c70 acres on the Derby Triangle site. The available container units are located within Store First which occupies a prominent and central position on Pride Park, fronting Derwent Parade, one of the busiest roads through Pride Park with c15,000 cars passing daily. Store First is situated directly opposite Derby County Football Club's Stadium and close to Derby Arena and the Pride Park Park and Ride. Pride Park benefits from excellent infrastructure links with direct access to the A52 and from there to the M1 motorway at J25, just 6.5 miles to the east.
Leasehold. Subject to tenancy.
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.
