fbpx

Commercial Property in Derby

15 Market Street, Castle Donington, Derby, Derbyshire DE74 2JB

Lot no: 26 Property type: Commercial Property Auction type: Unconditional with Fixed FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) together with the buyers fee of £1074 and complete within a set time period.

Guide Price* £290,000+plus fees Result Sold After Auction



An excellent opportunity to acquire a fine three storey Grade II listed office building set within the heart of Castle Donington town centre.

Property Description

The property is offered with vacant possession. When the main building was previously let out it produced a rental income of £36,200 p.a. Additionally, the separate annexe to the rear of the building was previously let producing £7,200 p.a. The offices are arranged over three floors (including loft space and cellar), are in excellent condition and tastefully decorated throughout. There are dedicated car parking spaces in a shared car park to the rear of the property. The accommodation extends to just under 4,000 sq.ft in total which includes toilets on each floor and circulatory space. The main building is currently divided into fifteen separate offices but can easily be reconfigured into various combinations or opened up with the removal of stud walls. The offices presently range from modern rooms to those which still have their original architectural features. The building benefits from gas central heating and has had separate boilers installed on each floor. There is an extensive cellar, which is free from damp and would provide excellent further storage space. The property would also suit conversion to a large single dwelling house or a scheme of apartments subject to securing the necessary planning consents.

GROUND FLOOR:

Entrance lobby, stairway to upper floors, seven offices, kitchenette.

FIRST FLOOR:

Entrance lobby, three offices, ladies and gents wc's, kitchenette and shower.

SECOND FLOOR:

Entrance lobby, five offices, kitchenette.

Tenure

Freehold.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.