Mixed Use in Derby

607a and 607b London Road, Alvaston, Derby DE24 8UQ
  • Lot No: 74
  • Property Type: Mixed Use
  • Contract Type: Unconditional with Variable Fee

Guide Price* £140,000+ plus fees

Result Sold at Auction £154,000

Property Description

A mixed-use property with a recent refurbished first floor maisonette (requires minimal work to complete refurbishment) a ground floor commercial unit along with a large plot to the rear with separate access previously housing a small light industrial unit offered with vacant possession upon completion. The property fronts onto London Road located opposite a crossing point with a significant amount of passing trade both by car and on foot. The commercial unit benefits from a roller shutter to the front and is fitted out internally to a high standard with fixtures and fittings still in place from the previous occupier. It has a trading area extending approximately 495 sq ft. To the rear of the main trading area is a storage / treatment room extending approximately 55 sq ft with a small sink. The rear of the unit comprises a kitchen and access to a secure courtyard area. There is an external WC and a cellar extending the footprint of the trading area. The first and second stories of the property comprise a self contained 1 bedroom apartment. The apartment is accessed from the courtyard to the rear of the premises and has stairs leading to the first floor comprising landing Bathroom in need of a WC with new shower cubicle and new Combi Boiler Fitted Kitchen appearing new with extractor living room (off open plan kitchen) Second Floor comprises bedroom with sky light and storage into eves The residential accommodation has had new plastering, rewiring and some new skirting boards. Windows appear new or in good condition and we feel the residential accommodation could be completed with very minimal work and expense. Interested Parties are advised to look at the photos and view to appreciate. The rear of the property can be accessed via Dickinson Street. There is land behind the unit extending back from the courtyard with vehicular access. We have been advised there was once a small unit on here and we feel it would lend itself well to being used for something in connection with light industrial or residential subject to obtaining planning consent. Interested parties are advised to inspect the legal pack for a accurate outline of the land included in this sale.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


Draft Sales Details

These sales details are awaiting vendor approval.


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 Variable 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. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 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.

Auction Details

Date 30th November 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

607a and 607b London Road, Alvaston, Derby DE24 8UQ