property
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
For sale by auction - Thursday 4 September 2014
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Large detached restaurant and bar extending to approximately 4600 sq ft
Good sized adjacent car park
Centrally heated and double glazed
Fully equipped stainless steel kitchen
High profile prominent location
Excellent opportunity with vacant possession
EPC Rating: E
Occupying a highly prominent location in the heart of Kimberley Town Centre, this large attractive and substantial building is being sold with the benefit of vacant possession, which has been used most recently as a restaurant and bar and represents an excellent opportunity for the investor or owner-occupier. We understand that the sale is subject to VAT.
The accommodation which is centrally heated and double glazed comprises a large restaurant and bar on the ground floor with customer toilets. There is also a very useful Cellar. On the First Floor there is a further restaurant and bar area with a mezzanine restaurant area and also a fully equipped stainless steel kitchen. The property is in good condition and has the benefit of a large car park to the side.
Kimberley is a popular town, approximately 6 miles north west of Nottingham along the A610. The most recent census estimated a population of around 6500 people.
Kimberley has a good range of amenities available locally including shops, schools and leisure facilities and is within approximately 2 miles of the M1 providing swift onward travel to the north and south. Derby City Centre is also within approximately 10 miles.
The accommodation comprises:
On the Ground Floor:
Entrance Hall
Large Open Plan Bar Area
With stairs off to the first floor.
Gents WC
Ladies WC
Bar Area
Rear Bar
Preparation Area and Cellar
On the First Floor:
Function Room
With mezzanine
Boiler Room
Housing the CCTV
Kitchen
Being fully equipped in stainless steel.
Outside
To the side of the property is a good sized car park and beer garden.
Tenure
Freehold. Vacant possession on completion.
Rating
The Local Authority is Broxtowe. Described on the VOA Website as Restaurant and Premises, and is estimated at 431.2 sq metres of accommodation.
Directions
The approach from Nottingham is via the A610, heading north-west down to the City Centre. Proceed straight ahead where the A610 meets the M1 and continue into Kimberley. Continue along the main street until Chapel Bar & Grill is situated on the right hand side as denoted by our For Sale by Auction board.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers - 01159 588 702.
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