Other
FOR SALE BY AUCTION: WEDNESDAY 24TH FEBRUARY 2016.
AT IPRO STADIUM, DERBY.
COMMENCING AT 11.30 AM.
DRAFT DETAILS ONLY.
An excellent opportunity to acquire a versatile property with former coach house to rear, located in the heart of Sutton-in-Ashfield, opposite the Idlewells Shopping Centre. It is located in a pedestrianised area forming part of an established high street parade containing a variety of shopping facilities and amenities.
The property has existing use a bar/nightclub or shisha bar but would suite other uses (subject to planning consent) such as a community centre or retail unit.
The property currently has planning permission for conversion into 7 self-contained flats. If the ground floor was refurbished for use a restaurant/bar it would still be possible to create 4 self-contained flats at the rear of the property.
Currently the property is arranged as a former bar and two flats (1 x two bed and 1 x three bed). The three bedroomed is currently rented out achieving £600pcm. The property offers great potential with planning permission granted for conversion into seven flats (6 x one bedroom, 1 x two bedroom).
The main building fronts Low Street and provides the former nightclub and bar leading to courtyard areas. The courtyard provides access to the coach house with its first floor two bed apartment. There is a second access to the property through Crier’s Yard. The two buildings and rear courtyard have a total site area of 4374.13 sq. ft .
The accommodation comprises:
Ground floor trading areas - 2,865 sq ft
Two bar areas
Dance Floor
Kitchen
Cellar
Patio Area
Flat One - 767 sq ft
Reception Room/Kitchen
Two Bedrooms
Bathroom/w.c.
Flat Two - 957 sq ft
Reception Room/Kitchen
Three Bedrooms
Bathroom/w.c
Planning Consent
Granted by Ashfield District Council on 1st August 2013 application Number V/2013/0309 for seven flats (6 x 1 bed and 1 x 2 bed).
Tenure
Freehold. Part let; part vacant.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
Mixed used terraced property in the heart of Sutton-in-Ashfield
Planning permission for conversion into seven flats
Currently two flats and a former bar
One flat currently achieving £600 per calendar month
EPC Rating: D
