Commercial Property
The property is situated on the eastern side of Derby City Centre within the Cathedral Quarter. The Wardwick is generally regarded as Derby's prime leisure destination but this is inter-mixed with professional and cultural uses - Derbys Museum & Art Gallery is opposite and other nearby users include Turtle Bay, Revolution De Cuba and a number of independent restaurants.
Derby Bus Station is 0.4 miles to the east and the ParkSafe car park is located just 0.1 mile to the north.
The auctioneers have not inspected the property but believe it to comprise -
Trading area, bar, glass wash area and wc's.
Further trading area, bar, function room, terrace and wc's.
Kitchen, staff accommodation and storage.
Beer cellar.
(Measurements are quoted on a GIA basis in accordance with the RICS Property Measurement First Edition)
Two parking spaces located to the rear accessed off Beckett Street.
We understand all mains services including Three Phase are connected.
The property is Grade II* Listed and has an existing A3 (Food and Drink) planning use. By way of a consent (now lapsed) referenced 03/12/00239, planning permission was grantedfor change of use of the fist, second and third floors to 5 apartments (Use Class C3) and installation of replacement fire escape stairs, balustrade and roof lights to the rear elevation.
The sale of the property is subject to VAT at the current rate.
Freehold. Vacant possession upon completion.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
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