Other
FOR SALE BY AUCTION: THURSDAY 22ND OCTOBER.
AT IPRO STADIUM, DERBY.
COMMENCING AT 11.30 AM.
DRAFT DETAILS ONLY.
A Grade II Listed two storey building with ground floor restaurant and upper floor residential accommodation located within the centre of Belper. The building originally comprises two properties that have been converted to comprise substantial restaurant premises with self-contained residential accommodation.
Internally, the ground restaurant incorporates an entrance lobby with bar/servery off, together with a main seating area providing circa 50 covers. There is a fully fitted kitchen located to the rear as well as ancillary toilet facilities. With access to the rear of the property there are two self-contained flats, one let at £320 per calendar month, the other is currently vacant but has previously been let at £100 per week.
Included in the sale of the property is an excellent development opportunity comprising a stone built detached building suitable for conversion for either commercial purposes or residential subject to obtaining the necessary planning consents.
Vendors Solicitors/Licensed Conveyancers
Underwood Vinecombe, Telford House, Outrams Wharf, Little Eaton, Derby DE21 5EL telephone 01332-836666
Tenure
Freehold. Part let; part vacant.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
MIXED COMMERCIAL/RESIDENTIAL INVESTMENT
Grade II Listed two storey building
Substantial ground floor restaurant
Upper floor accommodation comprising two self-contained flats
Development potential to rear
Town centre location
EPC Rating : Not Applicable
