4 bedroom Block of Apartments in Derby

42 Lodge Lane and land and buildings adjacent, Spondon, Derby, Derby, Derbyshire DE21 7GE
  • Lot No: 139
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Variable Fee

Guide Price* £375,000+ plus fees

Result Sold Prior to Auction

Property Description

Block of four flats and three building plots. A superb development opportunity comprising of a substantial property offering 4x self contained flats along with a building site with planning permission for 3x detached dormer bungalows. The block of flats are fully let at £19,284 per annum. - 3x One Bed Flats and 1x Studio Flat. Adjacent land with planning permission granted for 3x detached dormer bungalows. Planning Ref 20/00686/FUL Each bungalow will offer two bedrooms and two bathrooms along with gardens and parking. Full information regarding the building plot is available on Derby City council website.

Flat 1 (Ground Floor)

Lounge, Kitchen, Bedroom, Bathroom


Flat 2 (Ground Floor)

Hall, Lounge, Kitchen, Bedroom, Bathroom


Flat 3 (First Floor)

Hall, Lounge, Kitchen, Bedroom, Bathroom


Flat 4 (First Floor)

Lounge / Bedroom, Inner Hall, Kitchen, Bathroom


Planning Permission for Three New Build Bungalows

Each bungalow will comprise of: Hall, Lounge, Kitchen, Bathroom, 2 bedrooms and ensuite. Gardens and parking for 2 cars. Planning Ref: 20/00686/FUL


Potential

May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.


Draft Sales Details

These sales details are awaiting vendor approval.


Note

We refer prospective buyers to the local authority search result included within the legal pack, and encourage you to read the legal pack in full and make any additional enquiries as you see fit prior to placing your bid, as this will be binding.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. 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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction 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.

Auction Details

Date 05th September 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

42 Lodge Lane and land and buildings adjacent, Spondon, Derby, Derby, Derbyshire DE21 7GE