Commercial investors eye up opportunities in the next SDL Auctions Derby auction

An old favourite heads up the commercial lots in SDL Auctions Graham Penny’s Derby auction at Pride Park Stadium on Thursday 1 November which will see 56 lots go under the hammer.

From an area that is always very popular with commercial investors, 63-67 Wardwick in Derby is a valuable freehold property in the city centre. It comprises two ground floor retail units and one rear office or stage unit.

It is currently partly-let producing £19,000 per annum, which could rise to £25,000 when fully let. It has a *guide price of £125,000+.

Nick Trow, commercial valuer at SDL Auctions Graham Penny, said: “Properties in this area of the city always attract strong interest when they become available, which we are already experiencing with this property.”

Similar levels of interest are expected for 58 Green Lane in Derby, which is a two storey property with retail on the ground floor and with planning permission for conversion to residential on the upper floor. The freehold property has a guide price of £55,000+.

36 Moor Street in Spondon is a freehold investment opportunity in a two storey former retail premises which has the potential for residential use, subject to planning permission. It is a short, level walking distance from Spondon village and handily placed for the A52 and onward links. It has a guide price of £65,000+.

6 Osnabruck Square in Albert Street in Derby is a two storey modern retail unit let to the PDSA on a five year lease from March 2018 on an annual rental of £15,000 per annum. It has a retail unit on the ground floor with offices and storage space on the first floor. It stands in a good trading position and has a guide price of £132,000+.

32 Louden Street in Derby is a freehold investment opportunity to acquire a substantial mixed commercial/residential two storied extended property with accommodation arranged over three floors.

The property, formerly used as a social club with a large three bedroomed flat above, may be suitable for a variety of uses, subject to planning permission. It has a mainly residential location and sits opposite the local arboretum. It has a guide price of £140,000+.

The next SDL Auctions Graham Penny Derby auction takes place on Thursday 1 November at Pride Park Stadium.