Commercial
* UNSOLD AT AUCTION. AVAILABLE AND OPEN TO OFFERS. *
The Old Wine Vaults occupies a very prominent corner plot position on East Street situated literally 20 yards away from the Market Place and boasts approximately 8,000 sq.ft. floor area with additional cellar area. This large L-shaped building forms part of a Georgian and Victorian residence with an enclosed courtyard with vehicular access located off from Anchor Row (next door to the Observatory). The property itself is in a dilapidated condition and offers excellent potential with a number of different uses and could be split into offices, apartments, gym, etc, subject to the usual planning consents.
We feel public houses of this size and location rarely come to the market with such superb potential.
The L-shaped accommodation is arranged mainly over two floors with bars, cellar area, enclosed courtyard which is accessed off Anchor Row and there is potential for off road parking.
Directions
On entering Ilkeston along the Derby Road, at the traffic island bear left onto Chalons Way, proceeding down the hill and at the next traffic island turn left onto Station Road, left onto Bath Street, right onto Chapel Street which in turn becomes Burn Lane, eventually onto East Street and the property will be located on the left hand side as clearly denoted by our auction for sale boards.
Vendors Solicitors/Licensed Conveyancers
Geldards, Number One Pride Place, Pride Park, Derby DE24 8QR – telephone 01332-331631
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
Large former public house/nightclub in central location
Boasting approx. 8,000 sq ft plus cellar area
Complete renovation scheme required
Could potentially be divided and used as gym, offices etc
Enclosed courtyard with potential off-road parking
EPC Rating : G
