Commercial Property
DRAFT DETAILS. Awaiting approval.
A recently renovated and spacious commercial shop situated centrally in Codnor Market Place and was formally the Codnor Pet Shop.
The property has had a scheme of renovation works which includes a new roof, new stairs and doors as well as a rewire. The property would attract a generous rental income due to its location but also has the potential for conversion to a residential home or apartments (subject to planning).
There is lots of opportunity available with this property for a range of investors / developers. Registering to bid is highly recommended.
Front Shop Display Room<br><br>33ft 10 x 15ft 1 (10.3m x 4.6m)<br><br>Rear Shop Area<br><br>29ft 6 x 9ft 0" (9m x 2.74m)<br><br>WC<br><br>Stairs to first floor<br><br>Shop Storage Area<br><br>19ft 0 x 10ft 10 (5.8m x 3.3m)<br><br>Shop Office Space<br><br>17ft 5 x 10ft 10 (5.3m x 3.3m)<br><br>Outside Area:<br><br>Outside, to the left of the building, is a fully enclosed courtyard with brick wall boundaries, accessible through lockable steel door, to the front of the property - area is ideal for use as further storage space.
May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
VAT will be charged on sale, with one exception. The purchaser, should they intend to convert the building into a dwelling or relevant residential building, with a view to it being used as a dwelling or for a relevant residential purpose, can disapply the option to tax, by completing HMRC certificate VAT1614D.
Freehold. Vacant possession upon completion.
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.
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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
