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The Spinning Wheel, Draycott Road, North Wingfield, S42 5LN

Lot no: 40.0 Sold at Auction for £105,000
 

Guide Price £100,000 plus fees


Thursday 4th June 2015

12.00am
Key Features
Freehold public house and separate area of land in all extending to 0.22 acres or thereabouts
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Sold at Auction for £105,000

Commercial

Property Description

FOR SALE BY AUCTION: THURSDAY 4TH JUNE

AT IPRO STADIUM, DERBY

COMMENCING AT 11.30 AM

DRAFT DETAILS ONLY

Occupying a prominent location is a freehold public house on a good sized plot.  The pub has a public bar downstairs, and three bedroomed living accommodation upstairs as well as a substantial range of outbuildings to the rear.  In addition there is a separate area of land on the opposite side of the road which is included in the sale and was used as car park/beer garden.

The pub is currently let on an informal basis.

The area of land is on the opposite side of road and is considered to have significant residential development potential and we are advised that pre-application enquiries with regard to the possibility of the erection of three residential properties on this site were met favourably from the local planning authority although prospective buyers must satisfy themselves in this respect.

North Wingfield is a popular Derbyshire village with a good  range of amenities available locally.  Chesterfield is approximately 5 miles to the north-west offering a more significant range of facilities and Clay Cross is approximately 1 mile away.  Junction 29 of the M1 is almost within easy reach offering swift onward travel to the north and south.

Ground Floor –

Lounge

First Floor –

Three bedroomed living accommodation.

Outside

Range of outbuildings and small parking area.

Vacant site approximately 0.12 acres or thereabouts.

The pub itself is let on an informal basis and again prospective buyers are advised to make their own enquiries to satisfy themselves to this effect.

PLEASE NOTE – The property is being sold on behalf of LPA Receivers.

Tenure

Freehold. Subject to tenancy; vacant possession on the land.

Conditions Of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not.  Any questions relating to them must be raised prior to 11.30 am.  Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Note

Prospective purchasers will need to register within the auction room before the sale commences.  Two items of identity will be required together with an indication of how a contractual deposit will be paid.  We do not take cash deposits.

The sale of all property is subject to a buyers fee of £750 (inc VAT).

*Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary

FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE

WWW.GRAHAMPENNY.COM

Feature 1

Freehold public house and separate area of land in all extending to 0.22 acres or thereabouts

Feature 2

Detached pub situated on 0.1 acre plot currently let on an informal basis at nil rent

Feature 3

Separate area of land extending to 0.12 acres with 27m frontage to Draycott Road

Feature 4

The property has significant residential development potential

Feature 5

EPC Rating : D

Tenure: