14 Institute Lane, Alfreton, Derbyshire, DE55
£138.46 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
650-700 sq ft
60-65 sq m
- SECTOR
High street retail property for sale
Key features
- FOR SALE BY AUCTION 15TH MAY 2025
- Let to The Air Ambulance Service
- Recently renewed 5 year lease from August 2024 (subject to option)
- Fixed rental uplift to £11,000 p.a. in August 2026
- Rent recently rebased from £16,000 pa
- Tenant in occupation since 2014
- Busy Retail Parade
- Rental income £10,000 per Annum Exclusive
Description
The property is situated on the pedestrianised Institute Lane, forming the town centre's main retailing provision along with High Street. Nearby occupiers include Card Factory, Boots and Greggs.
Tenure
Virtual Freehold. Held on a lease for a term of 999 years from 20th July 2012 at a peppercorn rent.
Description
The property comprises a ground floor lock-up shop forming part of a larger building.
VAT
VAT is applicable to this lot.
EPC
C73
For further information, to register your interest in this property and download the legal pack, please visit the Acuitus website.
Brochures
14 Institute Lane, Alfreton, Derbyshire, DE55
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Alfreton Station0.8 miles
- Ambergate Station4.6 miles
- Whatstandwell Station4.9 miles
Notes
Disclaimer - Property reference A12976Alfreton. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Acuitus Limited, Acuitus. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Acuitus Limited, Acuitus on 020 7870 2773.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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