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The School House Business Centre, London Road, Derby DE24 8UQ

Lot no: 28 Sold After Auction

Guide Price £420,000+ 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 26th October 2023

Key Features
  • Period detached vacant former school on 0.45 acre site
  • Substantial accommodation extending to approx. 5,000 sq ft
  • Formerly let as a business centre with 16 individual suites
  • Prominent location close to Pride Park
  • Large enclosed car park with circa 30 parking spaces
  • Potential alternative commercial uses including care home / educational (stpc)
  • Potential for residential conversion (stpc)
  • Previously producing £70,000 - £80,000 when let
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Sold After Auction

Property Description:

Situated in a prominent location on London Road close to Pride Park, the sale of this substantial vacant former school with large car park and extensive accommodation represents a very exciting opportunity.

Previously a high yielding investment being let as 16 individual suites, this property could either be re-let to generate high levels of income, be used for an alternative commercial use or indeed converted to residential use. The substantial car park to the rear could potentially provide space for extension or new build, all subject to obtaining the necessary planning consent.

The property is handily situated approximately a mile and half south east of the city centre and within half a mile of Pride Park.


Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


The property 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.


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 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 auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers 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.