Commercial Property
An infrequent and exciting opportunity to acquire a particularly attractive Grade II Listed double fronted three storey period property with basement which has for many years been run as a successful Cantonese Restaurant located in a very desirable location overlooking the Market Place.
Briefly the substantial accommodation comprises an extensive ground floor restaurant seating area with bar, catering kitchen and customer toilet. To the first floor there is a restaurant or function room with storage facilities and to the second floor there is living accommodation. A particular feature is the large basement. Outside there is rear vehicular access for loading/unloading.
This superb freehold former restaurant in our opinion would suit a variety of commercial uses, subject to the usual planning consents.
The historic and picturesque popular market town of Ashbourne enjoys some superb independent shops, supermarkets, public houses and restaurants, primary and secondary schools along with recreational facilities. There is the nearby tourist attraction of Dovedale and the cities of Derby, Chester and Stoke are all within a short commute.
The slightly elevated ground floor provides an extensive restaurant area providing a total floor area extending to some 850 sq.ft. The rear catering kitchen being extensively equipped providing some 400 sq.ft. Ladies and gents wc facilities.
At first floor level there is a restaurant/function room of 750 sq.ft with bar and rear area. Ladies and gents wc facilities. Rear storage of approximately 380 sq.ft.
It is understood that the combined ground and first floor seating area could accommodate up to 180 covers.
Second floor accommodation providing three rooms, kitchen and two bathrooms.
Extensive basement storage.
Outside there is rear vehicular access for loading/unloading.
Rateable value £25,500. Rates payable £12,724.50.
All figures quoted are exclusive of VAT at the prevailing rate.
Freehold.
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.
