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120 Green Lane, Derby, DE1 1RY

Lot no: 182 Sold Prior to Auction for £170,000
 

Guide Price £138,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 29th April 2021

10.00am
Key Features
  • Elegant early Victorian four storey town house
  • Converted into well-equipped offices with ample parking to the rear
  • Internal floor area approximately 1,840 sq.ft.
  • Significant potential to convert to HMO property or similar (stpc)
  • EPC Rating: N/A
  • City centre location close to the inner ringroad
  • Excellent freehold investment opportunity
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Sold Prior to Auction for £170,000

Town house

Property Description:

A rare opportunity to acquire an early Victorian and very elegant Grade II Listed town house arranged over four floors converted into well-equipped offices with parking for seven vehicles to the rear. Internally the character accommodation has a net internal floor area of 1,840 sq.ft and has significant potential to convert to a HMO property or similar subject to the usual planning consents.

The property has recently become vacant due to business relocation and in brief the part double glazed, gas centrally heated living accommodation consists of a lower ground floor rear entrance (accessed from carpark) which is L-shaped with staircase to first floor, male and female separate toilets, a fitted kitchen, large walk-in storage cupboard and an office/sitting room. To the ground floor there is an front entrance porch leading through to a main reception area which is has feature mirrored walls, two offices that are sectionally divided with timber framed smoke glass which could easily be removed. To the first floor landing there is a board room, two further office rooms and to the second floor landing are two generous sized office rooms set into the roof and which enjoy far reaching views across Derby. Outside to the front the property is perched on an elevated position set behind a very attractive stone built wall with decorative wrought iron gate which leads to the front door. The car park is accessed off Forester Street to the rear where there is gated secure parking and we are informed by the seller there is parking for seven vehicles in total.

Excellent freehold commercial investment opportunity that certainly lends itself to residential conversion (stpc).

Lower Ground Floor:

Having accommodation comprising -

L-Shaped Entrance Hall 19'9" x 16'4"

With staircase to first floor. Entered by door to rear, double glazed window, suspended ceiling with recessed lighting, tiled floor covering, louvre doors with airing cupboard.

Lobby Area

Providing access to the -

Male and Female Toilets

Both fitted with low level wc's, wall mounted wash hand basin, tiling to walls and warm air heaters.

Kitchen 11'4" x 7'8"

A fully fitted kitchen with a range of wall mounted cupboards with matching base units, drawers, stainless steel sink and drainer with mixer tap, splashback tiling and central heating radiator.

Useful Walk-In Storage Cupboard 12' x 4'1"

With louvre door.

Office/Sitting Room 12'6" x 11'9"

With double glazed window and central heating radiator.

Ground Floor:

With accommodation consisting of -

Small Entrance Porch

Located to the front with diamond leaded window to the front elevation, internal glazed door leading through to the main reception.

Main Reception 20'4" x 12'8"

With sash multi paned window to the front elevation, fitted cupboards with sliding doors, 'U' shaped desk with feature tall fitted mirrors, central heating radiator, burglar alarm control panel, two feature archways leading through to a -

Landing Area

With staircase to first floor and lower floor.

Office 13'4" x 9'8"

With double glazed window, fitted 'U'shaped desk with wall mounted cupboards, part moulded coving to ceiling, central heating radiator. A particular feature of the room is the dividing timber framed sectioned wall with smoked glass which provides access through to a further office room.

Office 13'4" x 10'7"

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

First Floor Landing

With staircase to second floor, central heating radiator and built-in storage cupboard.

Board Room 19'10" x 12'11"

With two double glazed windows, feature ornate cast iron open fireplace, two central heating radiators.

Office 12'1" x 10'6" into chimney recess

With multi paned sash window, moulded coving to ceiling, fitted shelving and central heating radiator

Office 12' x 9'6"

With sash multi paned window, moulded coving to ceiling and central heating radiator.

Second Floor Landing

With continuation of spindled balustrade, open landing area with built in cupboard and access to both offices.

Office 20' into chimney recess x 13'

With two Velux roof lights, a dormer double glazed window, two central heating radiators and built in cupboards.

Office 20'1" into chimney recess x 14'3"

With double glazed window and two central heating radiators.

Outside

The front of the property is perched on an elevated position set behind a very attractive stone built wall with decorative wrought iron gates with steps and pathway leading to the front door. The parking is located from off Forester Street where there is secured gates with CCTV camera and we are informed by the seller there is parking for seven vehicles located directly behind the property.

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 Variable Fee (England and Wales).

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 fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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.