Restaurant
DRAFT DETAILS
An opportunity to acquire a substantial former restaurant premises close to the local bars and pubs in the heart of Mansfield town centre. The premises are situated in a highly sought after town centre location and may suit alternative uses, such as redevelopment into apartments, subject to securing the necessary planning consents, but currently the property does retain its A3 planning classification.
The entrance leads to the main open plan dining area which extends to approximately 190m sq (2045sq ft) which previously provided approximately 50 covers. In addition, there is a mezzanine level overlooking the main dining area which extends to a further 41.6m sq (48sq ft).
Beyond the dining area lies the kitchens which have been cleared of all equipment. To the right of the kitchens are ladies and gents WC’s.
A stairwell from the kitchen leads to the first-floor accommodation that requires full refurbishment throughout. This accommodation previously provided for a two-bed flat, approximately 50m sq (540sq ft) gross internal area.
The accommodation comprises:
189m sq (2034sq ft)
40m sq (431sq ft)
42m sq (452 sq ft)
(uninspected)
50m sq (540sq ft)
Parking to front.
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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