Mixed Use
The property comprises a two storey brick built building with a pitched roof having modernised accommodation fronting Duffield Road and North Street in Derby.
The retail accommodation is situated on the ground floor and is accessed on the corner of Duffield Road and North Road extending to approximately 550 sq.ft. It is currently trading as an Off-Licence & General Grocery Store with prominent frontage, serving counter, air conditioning unit, rear storage area (extending to approx. 135 sq.ft) and cellar. The retail unit also has access to the residential accommodation and a rear courtyard area. We have been advised that the retail unit benefits from planning consent for change of use classification from A1 (Retail) to A5 (Hot Food) including extraction. Interested parties are advised to access the Derby City Council planning portal reference number 19/01239/FUL.
We feel that due to the location, current trends for fast food and demographics within the vicinity, a retail unit with the A5 planning consent would be in significant demand and command a rental income of circa £800 per calendar month.
The residential accommodation has a dedicated entrance fronting Duffield Road leading to the first floor. There is also an entrance via the rear of the retail unit and via the courtyard area fronting North Street.
The residential accommodation comprises -
Extending to approximately 74 sq.ft.
With separate access to courtyard extending to approximately 333 sq.ft.
Leading to -
Extending to approximately 354 sq.ft.
Extending to approximately 180 sq.ft.
Extending to approximately 137 sq.ft.
Extending to approximately 58 sq.ft.
Extending to approximately 197 sq.ft.
Extending to approximately 124 sq.ft.
We feel the premises would lend itself well to an HMO development and would be relatively easily converted using the current layout subject to obtaining appropriate planning consents.
Externally there is off street parking/courtyard area behind secure gates, accessed from North Street and garage with electric roller shutter extending to approximately 178 sq.ft along with an external wc and additional storage area.
The property is located on the corner of Duffield Road AND North Street approximately 200 meters rom Derby town Centre. The immediate vicinity comprises mainly residential housing stock with a large demand for rented accommodation.
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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