Mill
DRAFT DETAILS
A unique and exciting opportunity to acquire a Grade II Listed former windmill located in the heart of the vibrant town centre of Sleaford in Lincolnshire. Moneys Mill has been beautifully refurbished into a successfully trading Café/Bistro, the building however will suit a variety of different uses subject to any necessary planning consents. We understand from the vendor that the premises also has a licence for alcohol sales.
Moneys Mill dates back to the early 1800s and dominates Moneys Yard, a popular Town Centre Retail Development with ample on-site parking. Should a prospective buyer be interested in continuing the Café Bistro Business, all fixtures and fittings are available subject to separate negotiations with the vendor.
Previous conversations with the local planning authority suggest that they would look positively to a change of use from A3 to various uses including retail, leisure, office or residential subject to the necessary planning consents.
The Café/Bistro trades from the ground floor with spiral staircase leading to further seating on the first floor providing a total of 28 covers. There are four further floors currently being used as storage. The vendor has confirmed that the premises are exempt from business rates.
The Mill is one of the highlighted stopping points on the Sleaford tourism/history trail and it has also won an award from the local Civic Trust for the renovations to the mill (plaques above the wall depict this).
Furthermore the Mill will be part of a significant town centre development, please see links for details (see no. 4) and approved plans:
www.n-kesteven.gov.uk/business/economic-development-and-regeneration/sleaford-masterplan-planning-policy/
lincolnshirereporter.co.uk/2018/04/heart-of-sleaford-1-5-redevelopment-plans-approved/
Sleaford is a popular market town with good infrastructure links via the nearby A15 providing access to Lincoln City Centre to the North, and the A17 westward to Newark upon Trent and the East Midlands region. And Eastwards to Norfolk and the East Coast.
The accommodation comprises:
30.91 sq metres (333 sq ft)
21.16 sq metres (227 sq ft)
16.47 sq metres (178 sq ft)
Leasehold Details/Ground Rent: We have been informed that there are approximately 960 years remaining on the lease and the ground rent is a peppercorn rent.
Leasehold. Vacant possession upon completion.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
