Investment opportunities at next Derby auction

Investment opportunities at next Derby auction

Commercial and investment opportunities abound at SDL Auctions Graham Penny’s next auction at Pride Park, Derby, on Thursday, 8 June.

SDL Auctions Graham Penny is offering 72 lots in total including a substantial retail investment opportunity at 98 High Street, Burton-on-Trent.

It is offered for sale at the very attractive guide price of £68,000+* and is a substantial three-storey, mid-terraced retail property with ground floor sales area and ancillary store or office space.

It has further accommodation on the upper floor and in the detached outbuilding, both offering the potential for conversion to residential use, subject to planning permission.

The property fronts the western end of High Street close to its junction with Horninglow Street, and opposite the site of the former Riverside Shopping Centre.

Senior valuer Robert Stone said: “This site is owned by the local authority and is planned for redevelopment.”

The property is offered jointly with agents Rushton Hickman.

A different kind of opportunity entirely is offered in Kirk Langley, where arable land at Flagshaw Lane extending to approximately 22.38 acres is offered on a guide price of £190,000+.

For those who fancy the self-build option, a building plot adjacent to 26 Queensway in Derby offers the chance to build, according to existing planning consents, a two-storey, four-bedroom detached family home, on a guide price of £65,000+

There are also several further opportunities to acquire land and building plots including land adjacent to The Rose & Crown, Church Street, Ilkeston, where Erewash Borough Council has granted outline consent for four dwellings.

The site has potential, subject to detailed planning consent, for four three-bedroom, three-storey semi-detached houses.

Other sites being offered include plots in Heanor, Kirkby in Ashfield, Buxton, Allenton, Ripley, Ironville, Littleover and Chellaston.

Finally, two side-by-side retail investments are being offered in Derby jointly with agents David Brown Commercial.

Both with guide prices of £235,000+, they are 6 and 7 Albert Street, Derby.

The retail premises offered at 6 Albert Street, is let to Valley CIDS for ten years from May 2010 on an annual rent of £28,500. Valley CIDS are an independent Christian charity based in Derbyshire operating 29 Lighthouse Charity shops.

At 7 Albert Street, the tenant is Cancer Research UK on a ten-year lease at a rent of £28,500 per annum.

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