Commercial
FOR SALE BY AUCTION: THURSDAY 22ND OCTOBER 2015.
AT IPRO STADIUM, DERBY.
COMMENCING AT 11.30 AM.
DRAFT DETAILS ONLY.
The premises are located on the corner of London Road and Regent Street, opposite the top of Midland Road which is one of the main thoroughfares to Derby rail station. Highly visible therefore, the premises have been used for very many years as a restaurant but is now offered with vacant possession.
There is potential to convert the upper floor to one or more flats, subject to any planning requirement, or could be used in conjunction with the business, or as managers accommodation. There is gas fired central heating.
Briefly the accommodation is as follows
Corner Entrance Lobby
Extensive Restaurant Area
With open access to Bar Area at a slightly higher level.
Ladies and Gents WC's
L-Shaped Kitchen
Having twin stainless steel sinks and staff hand sink, central heating boiler, provision for catering equipment, but not included.
Basement Cellar
With brick floor.
First Floor Landing and Corridor
Five Rooms
All with central heating radiators.
Bathroom
Off half landing having usual suite of fittings.
Note
The first floor could become self-contained if desired.
Directions
From the City inner ringroad at the Traffic Street/Bradshaw Way junction leave along London Road, and at the first set of traffic lights (ignoring pelican crossing lights) the premises will be found on the right hand corner.
Vendors Solicitors/Licensed Conveyancers
Geldards, 1 Pride Place, Derby DE24 8QR
Tenure
Freehold. Vacant possession on completion.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 all property is subject to a buyers fee of £750 (inc VAT).
*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 EPC'S AND LEGALS PLEASE SEE THE WEBSITE
Long established restaurant premises – now ceased to trade
Extensive upper floor accommodation
Prominent corner location opposite Midland Road and station
Suited to a variety of retail and commercial uses (subject to any necessary planning consent)
EPC Rating : D
