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68 Osmaston Road, Derby, DE1 2HZ

Lot no: 90 Sold at Auction for £131,000
 

Guide Price £100,000+ 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.

Thursday 25th February 2021

10.30am
Key Features
  • Freehold mixed commercial/residential three storied property
  • Ground floor retail unit with flat above (arranged over 2 floors)
  • Situated on a busy pedestrian arterial road through the city centre
  • Potential high yield investment opportunity
  • EPC Rating: D
  • Literally yards from Intu Shopping Centre
  • Rear yard with car port (only pedestrian access)
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Sold at Auction for £131,000

Mixed Use

Property Description:

Situated within literally yards of the Intu shopping centre is a freehold mixed commercial/residential three storied property located in the city centre.

The substantial accommodation in brief comprises a ground floor retail unit with access through to the enclosed rear yard with car port, a side entrance hall provides access to the two bedroomed flat above arranged over two floors.

The property is located in a parade of similar style properties on a busy arterial route through the city centre and would surely appeal to investors/landlords.

Ground Floor Shop 24'8 x 17'3 reducing to 10'7

With double fronted window shop display with central door, suspended ceiling, raised floor level and internal door leading through to -

Store Room 18'9 x 6'3

With internal door leading throught o -

Kitchen 12'8 x 9'7

With hand wash basin, radiator, understair storage with wc and internal door leading through to the side lobby.

Rear Store Room 9'7 x 7'4

With radiator and door to the rear yard.

Side Lobby

With staircase to first floor. In our opinion a separate access from the front could easily be provided subject to usual building regulations and planning.

Flat

Comprising -

Split Level First Floor Landing

Giving access to -

Lounge 17'5" into chimney recess x 12'2

With uPVC double glazed window to front elevation, moulded coving to ceiling and central heating radiator.

Kitchen Diner 12'1 x 11'2

With uPVC double glazed window to rear elevation. Modern fitted kitchen in high gloss units comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with mixer tap and splashback tiling. Integrated appliances comprise a stainless steel electric oven with a separate gas hob and central heating radiator.

Bathroom 9'2 x 8'

This room is located on the lower part of the landing and has a uPVC double glazed window to the rear elevation. A three piece bathroom suite in white comprises a panelled bath with mixer tap shower attachment, low level wc and pedestal wash hand basin, central heating radiator and cupboard housing the combination boiler.

Separate WC

With an obscure uPVC double glazed window. Affording a low level wc with wall mounted wash hand basin.

Second Floor Landing

Giving access to -

Bedroom One 17'10" into wardorbe/chimney recess x 12'

With uPVC double glazed window to the front elevation, comprehensive range of fitted wardrobes with louvre doors and central heating radiator.

Bedroom Two 12'3 x 10'10 into chimney recess

With uPVC double glazed window to the rear elevation and central heating radiator.

Outside

To the rear there is a yard with car port and pedestrian access.

Tenure:

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.