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    Key features

    • Freehold Parade Investment
    • Arranged as 3 shops with self-contained upper parts
    • 1,695 sq ft self-contained uppers floors vacant
    • Located on High Street and close to Lloyds Bank amongst others
    • Benefitting from planning consent to convert the upper parts into flats
    • VAT is not applicable
    • Investment let at £30,500 p.a. plus 1,695 sq ft vacant (10.33% GIY on Guide Price)


    Description

    Comprising a parade of 3 shops and self-contained upper parts currently arranged as 3 shops with offices above.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please see the accommodation and tenancy schedule

    Tenancy

    Please see the accommodation and tenancy schedule

    Planning

    The upper floors currently benefit from planning consent to convert into 3 x 1 bedroom flats

    (planning ref: DMPA/2024/0546)

    Local Authority: South Derbyshire District Council

    Website: www.planning.southderbyshire.gov.uk

    Rent

    £30,500 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. 


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      • Swadlincote is located about 15 miles south of Derby and 4 miles south-east of Burton-on-Trent and serves a population of some 36,000.


      • The property is situated in a prominent position on the north side of the pedestrianised High Street close to its junction with Church Street.


      • There are a number of public car parks close to the property.


      • Occupiers close by include Lloyds Bank, Foresters Arms, Fortune Garden takeaway and many other mainly local occupiers.
      Transport

      Road - The town enjoys good communications, being in between the A38 and A42, the latter giving access to the M1 Motorway and East Midlands Airport, some 14 miles to the north-east.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums