Cycle shop for sale with no chain
A cycle shop which has had a strong high street presence in Derby since 1984 is to be sold in an online auction by SDL Auctions.
Generations of cyclists have gazed longingly into the window and browsed the showroom of Mercian Cycles Ltd, 7 Shardlow Road, Alvaston but, at the end of November 2018, the business closed the shop so it could concentrate on its manufacturing workshop in Ascot Drive, Derby.
Now investors are gearing up to shift the focus of the property as it is being sold by unconditional online auction in partnership with Century 21 Derby.
The two-storey unit, with a starting bid of £175,000, comprises a 59ft showroom with workshop to the rear. Upstairs there are five offices and a shower room.
Mercian Cycles was launched in 1946 and is known today for its custom-made bicycles, boasting customers around the globe and a prestigious collaboration with designer Paul Smith. While the company has moved onto pastures new, the shop remains an excellent investment, with the potential to achieve a rent of £24,000 per year.
Jason Lee, national sales manager at SDL Auctions, said: “Derby people have been used to seeing Mercian on the high street in Alvaston since the 80s – but now it’s time for another business to take over the space.
“The fact that Mercian has been such a landmark shop in Derby bodes well for the next occupants. This is not just a prime retail unit – the workshop and offices above make this an extremely versatile property which lends itself to a number of uses, subject to planning permission.”
Alvaston is a busy suburb of Derby with easy access to the A6, A50 and M1, as well as Derby city centre.
The auction ends at noon on Wednesday 20 February and For more details or to view the property, call Century 21 Derby on or email />LARGE COMMERCIAL PREMISES IN THE CENTRE OF ALVASTON SHOPPING PARADE (NEIGHBOURING BOOTS CHEMIST), 59ft SHOWROOM FOR RETAIL PLUS A FURTHER 25ft WORKSHOP AT THE REAR. OFFICE SPACE TO THE FIRST FLOOR. Contact CENTURY 21 for viewings & auction Information go to https://online.sdlauctions.co.uk/lot/details.
Unconditional Online Auction Procedure
Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online-auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder. Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.If the reserve is met or exceeded when the auction timer ends, the successful bidder is charged a 5% deposit (subject to a minimum fee of £5000) and exchange takes place. At this point, you will be legally obliged to buy the property for the full purchase price. The deposit contributes towards the purchase price. The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT or 4.2% Inc VAT in London, subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.Therefore we will automatically charge you a minimum fee of £11,000, (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee and deposit. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract. By placing the bid, you are authorising the auctioneer to sign the auction contract on your behalf. Full terms and conditions are available at www.sdlauctions.co.uk/online-auctions
**SITUATED IN A QUIET PART OF DERBY, ON A NO THROUGH ROAD THIS STUDIO APARTMENT OFFERS: ENT. HALL, BATHROOM & KITCHEN, STORAGE SPACE, OPEN PLAN LIVING SPACE** Situated on the first floor in a quiet block, ideal for professionals or students. Off road parking & available immediatelyRETAIL SHOP
Part glazed wooden entrance door, large display window to the front elevation and leading to show room.
SHOW ROOM 59’0” x 21’0” ft (17.98m x 6.4m m)
Raised platform for window display, electric storage heater, cupboard housing electric meter and stop tap and to the rear of the shop is a desk counter with drawers, shelves and racking. Stairs leading off to first floor and double sliding doors leading to workshop.
WORKSHOP 24’11” x 20’9” ft (7.32m x 6.1m m)
Door to the rear of the property, obscured glass windows to the rear elevation with bars, electric storage heaters and work benches.
FIRST FLOOR LANDING
With loft access.
ROOM ONE 15’10” x 10’7” ft (4.57m x 3.05m m)
Window to the front elevation.
ROOM TWO 15’10” x 10’7” ft (4.57m x 3.05m m)
Window to the front elevation.
ROOM THREE 12’11” x 11’5” ft (3.66m x 3.35m m)
Window to the rear elevation.
ROOM FOUR 7’1” x 6’2” ft (2.13m x 1.83m m)
ROOM FIVE 12’9” x 6’5” ft (3.66m x 1.83m m)
Storage cupboard over stairwell with shelving, built-in airing cupboard, window to the rear elevation and half glazed sliding door to lobby.
Window to the side elevation.
SHOWER ROOM 7’6” x 6’9” ft (2.13m x 1.83m m)
With shower area, wc, wall hung wash hand basin, splashback wall tiles, wall mounted electric water heater and wall mounted electric heater.
Freehold. Vacant possession upon completion.
Interested parties should satisfy themselves, by inspection or otherwise as to the accuracy of the description given and any floor plans shown in these property details. All measurements, distances and areas listed are approximate. Fixtures, fittings and other items are NOT included unless specified in these details. Please note that any services, heating systems, or appliances have not been tested and no warranty can be given as to their working order. Photographs may have been taken with a wide angle lens and on occasions photo editing may have been used.
DISCLAIMER These particulars, whilst we believe to be accurate, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of presentation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person employed by this company has tested any included equipment and can give no authority to make any representation or warranty in respect of the property.