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Former Flagship Office of Derbyshire Building Society, 27 East Street, Derby, Derbyshire DE1 2AL

Lot no: 6 Sold at Auction for £175,000
 

Guide Price £150,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Friday 24th May 2019

11.30am
Key Features
  • Former flagship office of Derbyshire Building Society in prime city centre location backing onto Intu
  • Attractive art deco style three storey building built in 1935 and fully refurbished in 2012
  • 2,316 sq.ft (215.2 sq.m) Use Class A2 with potential for alternative use (stpc)
  • Busy location on East Street close to its junction with Exchange Street and Albion Street with high quality neighbouring retailers
  • EPC Rating: D
  • Freehold - vacant possesion
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Sold at Auction for £175,000

Commercial Property

Property Description:

This imposing mid-terraced high street retail premises is of a mixed brick and stone construction.

The ground floor benefits from a fully glazed shop front and provides open plan retail space and store.

The first floor is arranged to provide four offices, three of which have been formed from demountable glazed partitioning.

The second floor provides a well-appointed open plan office with kitchen.

The accommodation is finished with plaster painted walls, air conditioning and suspended ceiling with inset commercial lighting.

ACCOMMODATION:
Ground Floor: 112 sq.m (1,206 sq.ft)
First Floor: 74.3 sq.m (800 sq.ft)
Second Floor: 37.5 sq.m (404 sq.ft)
TOTAL: 215.2 sq.m (2,316 sq.ft)
Tenure:

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.