Residential Development
The property comprises a two-storey former public house located on the corner of King Alfred and Bakewell Street.
The accommodation comprises of main bar with lounge area, male and female WC, kitchen facilities, storage area and beer garden with out buildings along with gated access to Alfred Street.
There is a large cellar below which could be used as additional area perhaps as a mini gymnasium for the tenants.
The first-floor accommodation is configured with landing bathroom, kitchen, lounge, WC, four double bedrooms, one with en-suite.
The loft area was visually inspected and could be further utilised.
We feel that the scheme would provide the opportunity to create a high quality spacious HMO; however, by utilising the space above the outbuildings a scheme of up to 16 units could be possible subject to obtaining the appropriate planning amendments.
Interested parties are advised to contact Derby City Council Planning Department with Application No 20/00346/FUL and inspect the legal pack available on the SDL auctions website.
The building fronts King Alfred Street along the junction with Bakewell Street in a predominantly residential area with good public transport links and benefitting from on-street parking. Derby city centre and train station is a few minutes’ walk away.
We understand that VAT will not be chargeable on this transaction
Freehold.
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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