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Mixed Use
An excellent freehold mixed use opportunity to acquire a well equipped detached character building, located along the main arterial road (A6) through the heart of Belper Town Centre being part let part vacant.
The ground floor shop has recently become vacant and was previously used by Belper Cycles. We are informed by the landlord the previous tenants were paying a passing rent of £625 per calendar month (£7,500 per annum). Interestingly the shop has recently undergone a scheme of improvement and upgrading and now offers an excellent opportunity for a small business.
To the first floor there is a well appointed two bedroom flat (please note the auctioneers have not inspected the flat) with its own separate access located to the rear of the property with quality modern fitments and is currently let on an assured shorthold tenancy agreement at £545 per calendar month (£6,540 per annum). If the ground floor shop were to be let at the previous rental figure, this would produce a combined rental income of £14,040.00 per annum, this would therefore represent an impressive 11.2% return based on the guide price.
Belper is an exceedingly sought after location with an excellent range of amenities. The city of Derby lies approximately 8 miles to the south. Famous Chatsworth House is a short commute away.
Photos have been supplied by the letting agent before tenancy commenced. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Part let/part vacant.
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 (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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
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.
