Retail Property (High Street)
DRAFT DETAILS: The property consists of a mid-terraced three storey building of brick construction with a tiled pitched roof benefiting from A1 use classification.
The ground floor accommodation was previously occupied by Doughnotts and is currently configured as retail space
The first and second stories are currently configured as office space with access via an internal staircase.
There is the possibility of altering the use of the building subject to obtaining appropriate planning consent.
The seller has advised the shop has previously been let at £20,000 per annum.
Ground floor retail area extends 518sq ft
First floor office area extends 630sq ft
Second floor retail area extends 381 sq ft
Total NIA 1,529sq ft
The premises are well located in the heart of Derby’s Cathedral Quarter within the boutique fashion pitch of Sadler Gate.
Sadler Gate provides a mix of independent and national retailers in addition to a mix of new bars and restaurants.
Nearby occupiers include; Dr Martens, Joules, White Stuff, Vision Express, Cruise Clothing, and Canopy.
Road and bus connections are all within the vicinity with Derby train station within walking distance.
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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