** FOR SALE BY SDL AUCTION 29th MAY 2025 ** NO ONWARD CHAIN ** A fantastic one-bedroom top-floor apartment, boasting secure gated parking, lift access, a private balcony and situated in an ideal location for convenient access to Derby City Centre!  The accommodation on offer briefly comprises:  Entrance hall; large open plan dining/living room with twin French doors opening out onto a private balcony; open plan kitchen area; bathroom; double bedroom. Outside, the property is accessed via a secure gated car park and secure main communal entrance with intercom system and a well maintained stairway and lift. Park Gate is conveniently situated for local amenities including shops, schools and parks, as well as having excellent road and public transport links to Derby City Centre, the Royal Derby Hospital, Rolls-Royce sites, Alstom and Derby University.Auction Details:The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.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 auctioneers fees apply:• 5Þposit (subject to a minimum of £5,000)• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).The Buyers 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.

Lease Information:  The property is held on a 125-year lease from April 2005 with 105 years remaining as of March 2025.  Annual Service Charge: £1,505.72 (2023)  Annual Ground Rent: £75.00 (2023) and as follows:  £75.00 for the first 25 years; £125.00 for the next 25 years; £175.00 for the third period of 25 years; £225.00 for the fourth period of 25 years; £275.00 for the final 25 years;  Managing Agents: Stuart Smith; Freeholder:  Broderick Developments (Reginald Street) Limited