Commercial Property
The premises comprise a single storey cafe which has been in operation for well over twenty years. It has previously enjoyed a popular take-away service and sit-down dining providing seating for eighteen people.
The premises are fully fitted for immediate occupation with customer wc facilities on site together with fully fitted kitchen including microwave, fridges, two griddles, two fryers, extractor hood, six-ring hob with oven below, Francino coffee maker, till and glass fronted food display chiller.
The property is located on the corner of Sacheveral Street and Back Sitwell Street close to its junction with Osmaston Road (The Spot). This location is within a five minutes walk of the Intu shopping centre with nearby occupiers including W.H. Smiths, Cosmo, Birds the Confectioners, Wilk's, Poundland, Argos and Matalan.
284 sq.ft (26.4 sq.m)
180 sq.ft (16.7 sq.m)
39 sq.ft (3.6 sq.m)
503 sq.ft (46.7 sq.m)
We understand that the property has existing use consent for A3 Restaurant and Cafes, as defined by the Town and Country Planning (Use Classes) Order 1987.
The property could be let at £700 per calendar month (£8,400 per annum) exclusive. We are given to understand that there is no VAT payable on the rent.
Please contact our joint agent, Gadsby Nichols 01332 290390
Freehold.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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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