Commercial Property in Derby
107, 107a & 111, Uttoxeter New Road, Derby, Derbyshire DE22 3NL
- Property Type: Commercial Property
- Contract Type: Unconditional with Variable Fee
Guide Price* £550,000+ plus fees
Property Description
A superb range of period buildings arranged as office space standing on a plot of circa 0.64 acres. Originally three Grade II listed properties which are now connected via extensions. Offering over 5700 sqft of accommodation. Large plot with ample parking. Offered fully let at £56,000 per annum. Tenant exercised option to break clause with lease expiry date of March 2025 Scope for alternative uses such as childrens nursery or a scheme of residential development, subject to required planning permissions. Well placed in a desirable location which gives easy access to Derby city centre, Derby Royal Hospital and the A38.
NOTE TO BUYERS
The seller's solicitor has confirmed the position as to VAT is as follows:<br>When the charity purchased they did not pay VAT because it was treated as a transfer of a going concern (TOGC). This required it to opt to tax the property. In the CPSE replies we have indicated that a purchaser will not have to pay VAT if they comply with the TOGC requirements, which essentially means that they must opt to tax no later than the day of the auction. If they do not then VAT will be payable.<br>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.
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 21st November 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