Commercial Property in Derby

Land and Buildings at Sandown Road, Derby DE24 8SR
  • Lot No: 58
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £250,000+ plus fees

Result Sold at Auction £301,500

Property Description

DRAFT DETAILS - AWAITING APPROVAL The property comprises a brick built industrial unit with a corrugated asbestos roof extending to circa 700 sq.m (7,500 sq.ft) GIA, fronting Sandown Road sat behind secure gates on a popular trading estate close to Derby city centre. The property benefits from secure gated access beyond which is a yard. Roller shutters lead to the warehouse which is split down the centre into two sections both extending 45 metres to the rear of the premises. There is a small mezzanine floor to the rear giving additional storage along with a small rear yard accessed via a fire escape. The premises also benefit from office space configured over two storeys along separate access from the front of the building along with 3 Phase electric supply. We feel the premises could easily be split into two smaller units let to separate tenants, subject to planning approval. Prospective buyers must make all necessary independent enquiries prior to placing their bid, including in respect of their specific, intended use for the property; and in relation to the asbestos roof, as any bid made will be binding.

Tenure

Freehold

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 auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s 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 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.

Auction Details

Date 25th August 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

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Map

Land and Buildings at Sandown Road, Derby DE24 8SR