Commercial Property in Derby

Vernon Street Portfolio, Derby DE1 1FR
  • Lot No: 54
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £950,000+ plus fees

Result Sold Prior to Auction

Property Description

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

Note

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.


Services

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


Heating

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.


Broadband

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.


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 29th February 2024

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

Vernon Street Portfolio, Derby DE1 1FR