29 Gregorys Way, Belper DE56 0HS

A mixed use investment opportunity comprising a mid terrace building currently let to a ground floor retail operator, with two maisonette flats above over first and second floors.

The property is let in full to long standing tenants detailing an annual equivalent rent of £21,180 per annum. The ground floor trades as an independent florist and extends to approximately 85SqM (914SqFt) (source EPC). Both flats are separately accessed to the rear of the building and 29a is well presented. Flat 29b has not currently been inspected. There is a car park to the front which is also included in the sale.

The property forms part of a small modern mixed use parade of retail and residential units fronting onto Gregorys Way in Belper, a sought after residential location 9 miles north of Derby. The immediate surrounding area is a well established residential location well served by a number of local amenities and facilities including an award winning High Street. There are good motorway transport links nearby for both Derby and Nottingham.

Tenancy Details:
No.29 is let on a rolling lease at an annual rent of £7,500.

No.29a is let on a tenancy agreement expiring 9th March 2025 at £490pcm (£5,880 per annum).

No.29b is let on an AST agreement dated 20/10/2023 at £650pcm (£7,800 per annum).

Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and 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 fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 1.8% of the purchase price (subject to a minimum of £2,400 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.