Retail Property (Out of Town) in Derby

100-102 Monk Street, Derby DE22 3QB
  • Property Type: Retail Property (Out of Town)
  • Contract Type: Unconditional with Variable Fee

Guide Price* £190,000+ plus fees

Property Description

A former three storey retail premises extending circa 563.35sq.m/6,064sq.ft located in a prominent position on the corner of Monk Street and Werburgh Street. The unit was previously occupied under Planning Use Class E and is being offered with vacant possession upon completion. The ground floor accommodation provides a combination of open plan retail accommodation with a staircase providing access to the upper floor retail accommodation. There is also a good-sized storeroom to the rear of the property. The first floor comprises further open plan retail accommodation along with a small office situated to the rear of this level. A staircase leads to the rear of the premises and provides access to the second-floor accommodation which comprises useful retail/storage accommodation. We feel there is scope to reconfigure or repurpose the property for residential use owing to location and square footage. This is subject to planning approval.

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). 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 auctioneer’s fees apply:
  • 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.
The Buyer’s 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.

Auction Details

Date 27th February 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

100-102 Monk Street, Derby DE22 3QB