This property is no longer on the market
Property
Property description & features
- Includes a vacant ground floor retail unit along with two self contained first floor one bedroom apartments both on ASTs with a combined rent of £10,5
- Providing a total gross internal area of 2,128 sq ft / 197.8 sq m.
- Located within the popular Derby Borough of Allestree.
- Auction Date: Thursday 27th June 2024 at 9.00am
- Guide Price: £295,000+ plus fees.
The property is located within a parade of three mixed-use commercial premises fronting Blenheim Drive and comprises a large retail unit to the ground floor with two self-contained residential apartments to the first.
In further detail, the ground floor comprises an attractive front retail area with a double window shop frontage, along with a partitioned storage room, kitchen and WC to the rear. The first floor residential accommodation can be accessed separately with both flats currently let on standard AST agreements at £405 pcm and £475 pcm respectively.
Externally, the property benefits from a rear communal yard with gated access to the adjoining Askerfield Avenue along with a tarmacadam forecourt allowing for dedicated parking for up to four vehicles.
Location
Allestree comprises a popular suburban area approximately 3 miles to the north of Derby City Centre with the main retailing provision of the borough being centred around the Park Farm shopping Centre and Blenheim Drive (of which the property is located).
The area is well represented by a plethora of independent retail traders serving both the immediate area and wider catchment to the north of the city.
Accommodation
The accommodation has been measured on a gross internal area basis in accordance with the RICS code of measuring practice (6th edition):
Total Gross Internal Area: 2,128 sq ft / 197.8 sq m
Planning
We understand that the property falls within use class E and use class C3 respectively but may be suitable for alternative uses subject to the necessary planning consents.
All planning information should be confirmed with the local authority.
Services
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.
Rates
The property is currently listed on the Valuation Office website as having a rateable value of £13,500.
In respect of the flats we understand the council banding is listed as A.
Legal Costs
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).
Viewing
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.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 7542. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by BB&J Commercial - Derby.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.