Other
FOR SALE BY AUCTION: WEDNESDAY 24TH FEBRUARY 2016.
AT IPRO STADIUM, DERBY.
COMMENCING AT 11.30 AM.
DRAFT DETAILS ONLY.
A freehold Grade II Listed two storey building with substantial ground floor restaurant premises with residential accommodation above. Situated in Belper town centre and offering excellent investment potential.
Ground Floor:
Restaurant Area
With bar server.
Main Kitchen
Ancillary Toilet Facility
First Floor:
Two Self-Contained Flats
Both vacant but offering a potential income of £8,800 p.a.
BARN FOR CONVERSION
A stone barn with planning consent to convert to a residential dwelling with accommodation over two floors. The ground floor area is believed to be approximately 18'9" x 18'7", and the first floor 19'3" x 18'4".
Description
Approved conversion plans would provide for an entrance area with cloakroom/wc, lounge, kitchen, first floor bedroom capable of division into two and bathroom. In addition the auctioneers understand that planning has been granted for an extension to form a third bedroom. Externally there is a garden with path access only. The building can be accessed via a driveway adjoining the Maharaja Restaurant.
In addition to the existing building, under the same planning application reference : AVA/2014/0708, consent was also granted for the addition of a second residential unit providing further investment potential.
Vendors Solicitors/Licensed Conveyancers
Partridge Allen & Co, 28 Portland Road, Aldridge, Walsall WS9 8PZ. Telephone 01922-452860
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
Grade II Listed two storey building
Substantial ground floor restaurant
Upper floor accommodation comprising two self-contained flats
Town centre location
Stone barn to rear with planning consent for residential conversion
EPC Rating : Not Applicable
