59 - 63 High Street, Alfreton DE55 7DP
- SIZE
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- SECTOR
Commercial property for sale
Key features
- Auction: 26.09.2024 09:00
- Guide Price Range: £250,000 - £275,000
- Former Barclays Bank Occupying a prominent High street location
- Planning Permission Approved (AVA/2024/0326) for 8 apartments on the 1st and 2nd Floors
- Potential rental income once developed in the region of £80k per year
- Approximately 4,500 sq ft of accommodation available
- Investment Opportunity
- EPC Rating: D 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.
Former Barclays Bank with impressive investment potential with planning granted for 8 apartments on the 1st and 2nd floors. This iconic building in the heart of Alfretons thriving High Street occupies a most impressive corner plot and boasts 3 floors of accommodation totalling approximately 4,500 sq ft.
The property on offer is 59, 61 and 63 High street and offers the potential for 2 Ground Floor Commercial Units and the opportunity to develop 8 1st and 2nd floor residential units. Once developed the potential rental income could total in the region of £80k per year.
The building has been cleared and viewings are available, these come highly recommended in order to fully appreciate the potential on offer, not only does the site occupy an impressive plot but also has ample off road parking to the rear and further potential for additional apartments (STP).
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.
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 partner 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 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
59 - 63 High Street, Alfreton DE55 7DP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Alfreton Station0.8 miles
- Ambergate Station4.6 miles
- Whatstandwell Station4.9 miles
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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 202408150921sq_jfik. 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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