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Vernon Street Portfolio, Derby DE1 1FR

Lot no: 54 Sold Prior to Auction

Guide Price £950,000+ 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 29th February 2024

Key Features
  • Rarely Available Freehold Investment Portfolio
  • Prominent Landmark location on corner of Vernon Street and Friar Gate
  • Tenants include Betfred on 10 year lease with no break at £21,000 per annum
  • All let and producing £154,835.88 per annum combined
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Sold Prior to Auction

Commercial Property

Property Description:

Excellent diverse portfolio to include multiple offices, student let, bookmakers and public house, all let and producing £154,835.88 per annum.

Situated on the corner of Vernon Street and Friar Gate in Derby’s premier office address is this substantial freehold block which broadly consists of six units.

1 Vernon Street
Substantial Grade II Listed semi-detached Georgian property with individual offices let across two floors.

2 Vernon street
Substantial Grade II Listed semi-detached Georgian property with individual offices let across two floors.

Vernon House
Large Grade II Listed former wheelwright’s building, with multiple offices across there floors.

71 Friar Gate
Student property let for the current academic year.

70/70a Friar Gate
Bookmakers office let to Betfred (Turnover £12.7bn 2019).

67 Friar Gate
Deceptively large public House with function rooms.


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.


Water - TBC. Drainage - TBC. Gas - TBC. Electricity - TBC



Conservation Area

The properties are located in a conservation area.

Listed Building

1 and 2 Vernon Street and Vernon House is a Grade II Listed building.


Standard, Superfast and Ultrafast are available in this location.

Mobile Signal

EE, O2, Vodaphone and Three are available in this location for Voice and Data.

Satellite and Cable TV Availability

Sky, Virgin and BT are available in this location.


Freehold. Commercial investment.

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).

Please Note:

Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is related to an employee of SDL Auctions. If you have any queries regarding this, please contact us for further information.

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.