Mixed Use
Hot food takeaway shop with living accommodation above located in an established residential location.
Located in a prominent position alongside established local convenience store and fish and chip shop premises serving the surrounding housing estate, and within half a mile (approximately 15 to 20 minutes walk) of Queens Park, Ravenside Retail Park and the town centre.
Freehold ownership reverted to Chesterfield Borough Council on 5 June 2022 upon expiry of a 99-year lease term, which began on 6 June 1923. The former tenant no longer has a legal interest in the property although they still receive an annual rent of £5,200 per annum from the subtenant/occupier of the takeaway, which is let on a short-term lease. The sale is subject to the buyer resolving the situation to put the tenancy arrangements on a formal footing. Prospective buyers are advised to inspect the legal documents prior to placing their bid, as this will be binding.
We are advised that the current Rateable Value on the takeaway premises is £2,550 per annum.
Freehold. Part let/part vacant.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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.
