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Commercial Property in Derby

Jacobean House, 33 Wardwick, Derby, Derbyshire DE1 1HA

Lot no: 47 Property type: Commercial Property Auction type: Unconditional with Fixed FeeWhere exchange occurs immediately on the fall of the gavel. The successful bidder will be legally obliged to exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) together with the buyers fee of £1074 and complete within a set time period.

Guide Price* £250,000+plus fees Result Sold at Auction £256,000



The property which retains many period features has recently undergone refurbishment and previously traded as bar/restaurant.

Property Description

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 -

GROUND FLOOR (198.7 sq m / 2,139 sq ft)

Trading area, bar, glass wash area and wc's.

FIRST FLOOR (143.5 sq m / 1,545 sq ft)

Further trading area, bar, function room, terrace and wc's.

SECOND FLOOR (103.8 sq m / 1,117 sq ft)

Kitchen, staff accommodation and storage.

CELLAR (23.2 sq m / 250 sq ft)
LOWER GROUND FLOOR:

Beer cellar.

TOTAL - 521.6 sq m / 5,615 sq ft

(Measurements are quoted on a GIA basis in accordance with the RICS Property Measurement First Edition)

Outside

Two parking spaces located to the rear accessed off Beckett Street.

Services

We understand all mains services including Three Phase are connected.

Planning

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.

VAT

The sale of the property is subject to VAT at the current rate.

Tenure

Freehold. Vacant possession upon completion.


Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction 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 the auction. 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.

A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.

*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, 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. 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 the Guide Price and the Reserve Price click here.

Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.

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 or cheque deposits. Remote bidding facilities are also available.

Auction Fees
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.