Property Description

Residential conversion or development opportunity subject to planning consent. Currently fully let by way of FRI lease to 03 March 2025 (Tenant has served a break notice). Currently producing £29,500 per annum. Attractive period building providing 10 well appointed offices over ground and first floors with kitchens, WCs and attic storage. The vendor has produced various sketch schemes for conversion to 19 HMO bedrooms or extension and conversion to 15 apartments, or 33 Studios. No planning has been submitted and parties are to rely on their own Due Diligence. Situated in 0.28 acres on a corner plot at the junction with Peet Street. ACCOMMODATION The accommodation has been measured on a Net Internal Area basis (NIA) in accordance with the RICS Code of Measuring practice. Areas have been taken from the VOA and should be confirmed. Ground Floor 1,217 Sq.ft (113.06 Sq.m) First Floor 1,445 Sq.ft (134.24 Sq.m) Second Floor 276 Sq.ft (25.64 Sq.m) TOTAL 2,938 Sq.ft (272.94 Sq.m) PLANNING We believe the property has been used under Class E (Commercial, Business and Service) of the Town and Country Planning (Use Classes) Order 1987 (as amended). All parties should confirm the planning position with the relevant Local Authority. The vendor seeks unconditional interest. SERVICES All mains services are connected to the property. We are advised heating is oil fired. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations. RATING The property is currently listed as an office and premises on VOA.gov.uk. Rateable Value: £19,250 Rates Payable: £9,605.75 LOCATION The property is located on Uttoxeter New Road (A516) less than a mile from Derby City Centre. The A516 is a main arterial route linking Derby City Centre with the outer ring road and Kingsway A38. It is a mixed use residential and commercial location with a number of high street retail units and local conveniences situated along Uttoxeter New Road. Royal Derby Hospital is within circa 1.5 miles and occupiers at Kingsway Business Park include Sainsbury's, Costa, Subway, Greggs, Marks and Spencers and more. Excellent commuter and public transport links are close by. What 3 Words Location: formed.wiped.below

Note

Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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