The 1924, Campbell Street, Belper, Derbyshire DE56 1AP

The 1924 building originally formed part of the old Putty Manufacturing Works for Adshed Ratcliffe & Co. Ltd, and was subsequently used as a showroom for a local builders merchant. The building has been extensively refurbished to create an indoor shopping arcade/business centre, providing a number of kiosk-style shops. The building has timber-framed double glazed windows to Campbell Street, two access points with external security shutters, Wi-Fi, CCTV, and air-conditioning. All units have electricity sub-meters.

The individual work spaces can be used for a variety of uses including offices, consulting rooms, retail, or clinic. The internal partitions are demountable, and the internal arrangements could be configured to suit occupiers.

The 1924 building is situated on Campbell Street, at its junction with the A609 New Road, providing a link to King Street, which is the prime retailing area for Belper. Belper is a Market Town, and lies approx. 7-miles to the north of the city of Derby. Belper was one of the first Mill Towns, and now forms part of the Derwent Valley Mills World Heritage Site, and benefits from good transportation links, with road, bus and train links to Derby and Matlock.

FLOOR AREAS
The individual units range in in size from 112 sq. ft./10.4 sqm. up to 202 sq. ft./22.48 sqm. The GIA of the building is 4,660 sq. ft./432.16 sqm. or thereabouts.

ANTICIPATED RENTS/COSTS
If the property is fully let, based on the existing configuration, it is anticipated that the annual rent is circa. £90,000. The annual costs for supplying all the services, excluding management fees is in the order of £21,000. Therefore, there is potential to obtain gross receipts of circa. £70,00 per annum.

BUSINESS RATES
All units are assessed individually for non-domestic rating purposes. Subject to satisfying certain criteria, the individual spaces could benefit from Small Business Rates Relief. Interested parties should make their own enquiries with the local authority, Amber Valley Borough Council.

Freehold

The property falls within Use Class E as defined by the Town & Country Planning (Use Classes) Order 1987, (Amended) (England) Regulations 2020. The building is located within a World Heritage Site.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

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

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)

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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding 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. 

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.

VALUE ADDED TAX (VAT)
We understand that VAT is elected on the property, and therefore, VAT will be payable on the purchase price.

Draft Sales Particulars
These sales details are awaiting vendor approval