Commercial Property
DRAFT DETAILS
Located in central Chester, amongst a variety of popular blue-chip occupants including All Bar One, Carluccio’s, Nando’s and the highly regarded Opera Bar & Grill, this is a very rare opportunity to acquire this substantial freehold building, which would suit a number of uses (subject to planning consents).
The building is Grade II listed and arranged over three floors and includes an additional self-contained annex. Originally proposed as a high end bar restaurant, the property is now being sold due to a change in circumstances for the vendor and would suit a variety of alternative uses/re-development including healthcare, retail, office and residential to the upper parts, subject to all planning and building consents. With potential to also further develop the single-storey roof to include a roof-terrace, this property really does need to be inspected to fully appreciate it’s scope and potential.
SDL Auctions are selling this property in partnership with CBRE
Pre-auction offers will be considered on this lot.
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 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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