1166-1168 London Road, Alvaston, Derby, DE24 8QG

A freehold investment pair of terraced properties, converted into a 17 bedroom residential care facility in Alvaston

Guide price*


Plus fees

Sold for £425,000

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Lot 70 Commercial Investment
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Auction details:

Wednesday 27th March 2024 @ 08:30AM

A freehold investment pair of terraced properties, converted into a 17 bedroom residential care facility t/a New Spring Lodge Care Home Current Income £40,000 p.a. Future alternative use potential, subject to obtaining the necessary planning consents ON BEHALF OF THE JOINT LPA RECEIVERS

Property Description

An extended extensive pair of mid and end terraced properties, which have been converted into a 17 bedroom respite and rehabilitation centre, standing back from the road behind a foregarden.


The property fronts the A6 London Road in Alvaston, near to the junction with Brighton Road, approximately 3 miles distant from Derby City Centre, with access to the Inner Ringroad leading to the Alvaston By-Pass which links Derby with the M1, M6 and A50.


No. 1166
Ground Floor: Communal Hall, Access to Lower Ground Floor, comprising Oakwood Suite with en-suite, Mickleover Suite with en-suite and Shower Room.
Lower Ground Floor: Lobby, Clinical Room, Seminar Room, Storage Room.
First Floor: Communal Landing, Shower Room/WC, Hilton Suite, Bathroom, Office/Store, WC.
No. 1168
Ground Floor: Communal Hall, Management Suite, Three Separate WCs, Visitor's Suite, Inner Hall, Derby Suite with en-suite, Sinfin Suite with en-suite, Communal Lounge, Store, Conservatory/Recreation Room, Side Passageway, Laundry Room, COSHH Cupboard, Kitchen, Serve Room, Passageway, Little Suite with en-suite.
First Floor: Communal Landing, Stenson Suite with en-suite, Etwell Suite, Store, Melbourne Suite with en-suite, TV Lounge, Boiler Room, Duffield Suite with en-suite, Inner Corridor, Rams Suite with en-suite, Shower Room/WC, Breadsall Suite with en-suite.
Second Floor: Attic Room, Shardlow Suite, Belper Room.
Outside: Communal Yard.
The property benefits from having an electric heating system, mains smoke alarms, emergency lighting, fire doors and double glazing.

Energy Performance Rating



Freehold – Subject to the existing tenancy.

Site Area

The property extends to approximately 6,194 sq.ft. (576 sq.m.) or thereabouts.
The site measures approximately 0.19 acres (0.76 hectares) or thereabouts.

Tenancy Details

The property is let on a Lease for a term of 6 years from 1st July 2020, at a rental figure of £40,000 pa.
A copy of the Lease and Deed of Variation is included within the legal pack and all interested parties are required to rely on their own enquiries.

Auctioneer's Note

Please note offers may be considered prior to the Auction Sale.

Auctioneer's Note

The auctioneer highlights the verification process required by the vendor which must be adhered to. Details are available within the legal pack.
At the time of going to print, the Auctioneers were unable to inspect the property internally and therefore the accommodation details should not be relied upon.


External viewings only.

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.


Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.


All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.


When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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