62, King Street, BELPER, Derbyshire, DE56 1PZ

Legal Docs updated - please see "special conditions of sale" for these new docs.

Corner investment property in the heart of Market Town Belper,
Five letting units bringing in £46,150 Per annum,
VAT elected for the shops.

Description
An opportunity has arisen to acquire this unusual and attractive corner commercial investment property. The property is set over three floors in the heart of the historic town of Belper and is situated on the corner of King Street and Strutt Street and extends to over 320 sq. m subject to measured survey. Belper has a good range of local shops as well as supermarkets, eateries, schooling and leisure entertainment. Located North of Derby, Belper is accessed by the A6 and has its own bus stations as well as a railway station providing links to London St Pancras. The property brings in a great income from the five letting units comprising of two ground floor retail units, two first floor offices and a second floor office at £46,150 per annum (the offices income includes water, heat, electricity costs). Planning application for the first and second floor to convert into three apartments was granted on 12/07/2007 now expired.

Accommodation
Ground floor: Retail unit 1 and retail unit 2, rear yard to upper floors.
First Floor: Landing, communal kitchen, two W/Cs, Suite 101, Suite 102, stairs to second floor.
Second floor: Suite 201.

Tenure
Unit 1 five year lease from 1st February 2022 to 31st January 2028 at £15,000
Unit 2 three year lease from 1st February 2022 to 31st January 2028 at £15,250
Office 101 annual Licence expires the 31st November 2023 at £600 pcm
Office 102 annual Licence from the 17th July 2017 at £400 pcm
Office 201 annual Licence expires 31st December 2023 at £325 pcm

EPC: D - 320 sq m

Tenure:
Freehold

Viewings:
By arrangement with the auctioneer:
Bagshaws Residential, 32-34 Cornmarket Derby DE1 2DG.
Tel: 01332 361308 option 3
Email: auctions@bagshawsresidential.co.uk






Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.