Commercial
FOR SALE BY AUCTION: THURSDAY 10TH APRIL
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
Friary Street is a cul-de-sac leading up to the City inner ringroad and serving significant office premises (Celtic House and Saxon House).
The opportunity arises to acquire the freehold of an excellent ground floor suite of offices, currently let, and a ground rent income from two upper floor flats. Prior to its current use, the ground floor premises operated as a travel agents, and there is potential for other uses – perhaps residential – subject to any necessary planning consents for change of use.
The accommodation is spacious, gas centrally heated and has a basement facility.
In more detail it comprises
Split Level Reception Area
Lounge Area
Office/Meeting Room
With patio doors to rear terrace.
Inner Hallway
Kitchen
With modern fittings and access to basement.
Two Wc's
Further Large Reception/Office Room
Third Office, Storage Recess and door to Cellar.
A layout plan is appended to these particulars.
Lease Details
The occupants have a license to occupy until 31st March 2015 at a monthly rent of £612.50 (£7,350 per annum equivalent) and subject to three months' notice at any time. They have been in occupation since December 2001.
The freehold also includes the ground rent income from the two leasehold upper floor flats, the current ground rent being £50 per annum per property.
Directions
From the City centre leave along the Wardwick and turn left at the traffic lights into Curzon Street. At the next traffic lights turn right into Friary Street. Alternatively from the bottom of Mercian Way (City inner ringroad) turn right (third exit) into Curzon Street and at the traffic lights turn left into Friary Street. The property will be found on the left hand side.
Vendors Solicitors/Licensed Conveyancers
John M. Lewis, 92 St. Peter's Street, Derby DE1 1SR : Telephone 01332 292204
Tenure
Freehold.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers contract handling fee of £750 (inc VAT) payable on the fall of the hammer.
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
COMMERCIAL INVESTMENT – Let ground floor offices
Freehold income from two flats above
Good City centre fringe location
Total reserved rent - £7,450 per annum
EPC Rating : E
