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The Former Gate Inn, 49 St. Lawrence Road, North Wingfield, Chesterfield S42 5LJ

Lot no: 99 Sold at Auction for £168,000
 

Guide Price £135,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 28th October 2021

10.00am
Key Features
  • Former freehold public house
  • Located in a popular North-East Derbyshire village with amenities
  • Short commute of the historic town of Chesterfield and the M1 motorway
  • Potential development opportunity (stpc)
  • Large car park to the rear with garage
  • Excellent investment opportunity
  • EPC Rating: F
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Sold at Auction for £168,000

Pub

Property Description:

DRFT DETAILS

An opportunity to acquire a freehold former two storey rendered public house located on a large prominent corner plot situated within the popular North-East Derbyshire village of North Wingfield conveniently positioned for the historic town of Chesterfield.

The pub may lend itself to conversion or residential development subject to obtaining the usual planning consents. The pub itself has a large main bar area with a small snug room to the front, a further sitting room with opening and kitchen. To the first floor landing there is a large living kitchen, corridor, inner lobby, three bedrooms and a bathroom. Located to the rear of the property there is a large car park with a dilapidated single garage.

The village of North Wingfield is situated in the district of North-East Derbyshire where there are independent shops, local primary schools and is located approximately 4.5 miles south-east of Chesterfield and 1 mile north-east of Clay Cross. The A6175 road from the M1 motorway to the A61 runs through the village.

Main Bar Area

28ft 1 x 23ft 9. Entered by door to front with a number of windows, central columns, opening through to a -

Small Snug (Front)

13ft 3 x 9ft 7. With window. There is a further opening from the main bar area into -

Further Sitting Area

17ft 1 x 14ft 2. With windows.

Further Lobby/Sitting Area

13ft 6 x 12ft 4. Please note this is an irregular shaped room. Temporary staircase leading to the first floor and access though to -

Kitchen

13ft x 8ft 10

First Floor Landing

Leading to -

Large Open Living Kitchen

36ft 6 x 13ft 3

Corridor

Leading to -

Inner Lobby

9ft 3 x 8ft 5

Bedroom One

13ft 6 x 12ft 3. With double glazed window.

Bedroom Two

13ft 9 x 10ft 9. With double glazed window.

Bedroom Three

9ft 7 x 8ft 1. With double glazed window.

Bathroom

8ft 1 x 8ft 1. With four piece suite, separate shower, low level wc and wash basin.

Outside

To the rear there is a large car park with a dilapidated garage.

Tenure:

Freehold.


Viewings:
To book a viewing, please contact SDL Property Auctions to arrange.

Auction Method:
The auction for this property will take place as an "Auction Event" behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely - please see the below section on "Registration Process". The auction can be watched in real-time on the auction date through SDL Property Auctions' website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions' Buyers Terms (England & Wales) which are available on SDL Property Auctions website.

Auction type- Unconditional with Fixed Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.

Auction Fees
The following non-refundable fees apply:
Buyer's Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.

Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.

Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.

Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Property Auctions website by searching for the property. On the property details page there is a sub-heading "Legal Packs". Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

Registration Process:
To register to bid on the property, visit the SDL Property Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
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