Situated in the heart of the City of Derby on the historic Wardwick is this prime four storey freehold property comprising ground floor and basement let for 15 years expiring 2026 at a current rent of £15,500 with a review outstanding.

PROPERTY DESCRIPTION

The vacant first and second floors are self-contained and are ideal for conversion to residential units under permitted development rights (subject to consent).

TENURE

Freehold. Part let/part vacant.

Viewings Details
Viewings can be booked online (under the Lot Information section on this page) or by contacting the auctioneers on 01332 242880.

Click here to view this property on SDL Auctions’ website.

Click here to view the Legal Pack on SDL Auctions’ website.

CONDITIONS OF SALE

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction 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 the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.

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 or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction officeby sending an email to SDL Auctions (Derby) or call +44 (0)1332242880.

Property Auction Action

Immediate property auction access

COMMERCIAL PROPERTY – DERBY

£125000

SDL Auctions (Derby)

11 April 2018, 11:30 AM