1-3 High Street, Alfreton, Derbyshire DE55 7DR
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Auction: 26.09.2024 09:00
- Commercial Investment
- Current rental income of £16,200 per annum
- Impressive Yield of 12% vrs the Guide Price
- Sought after and popular location on a busy High St
- Building set over three floors (1,140 sq ft)
- Rent Review Jan 2025
- EPC Rating: D
Description
For sale on 26 September 2024
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.
The auction will commence at 09:00.
A three storey investment property located on a busy High Street in Derbyshire. The current tenant has been in situ for a number of years and is looking to remain long term. The current rental income is £16,200 per annum which represents a very healthy yield of 12% against the guide price.
The property is in a prime and very sought after location and boasts 1,140sq ft spread over three floors. The building is in good condition and could make an excellent long term investment for an investor.
There is a rent review in January and the building previously had planning permission for apartments which could be reinstated in the future offering good long term prospects for the property.
Conflict of interest PLEASE NOTE: Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is also our joint agent in the sale, and will receive part of any Reservation Fee as commission. If you have any queries regarding this, please contact us for further information.
Tenure: Freehold
EPC Rating: D
Terms:
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
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.
Brochures
1-3 High Street, Alfreton, Derbyshire DE55 7DR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Alfreton Station0.8 miles
- Ambergate Station4.6 miles
- Whatstandwell Station4.8 miles
At SDL Property Auctions, our award-winning team, sells a wide range of residential and commercial properties across the length and breadth of the UK, for both private individuals and corporate clients. Our lots range from investment properties, vacant houses, building plots, commercial and mixed-use buildings and more.
With a commitment to speed, simplicity and certainty, SDL Property Auctions offers customers the fastest, simplest and safest way to buy or sell residential and commerci
Notes
Disclaimer - Property reference 202304051502sq_kyoo. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Property Auctions - Commercial, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Property Auctions - Commercial, Nationwide on 08000 465454.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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