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Commercial Property
Situated within the town centre, opposite the Pomegranate Theatre (located within the Grade 2 listed Stephenson Memorial Hall) and close to Chesterfields famed Crooked Spire Church, the Church of St Mary and All Saints.
Corporation Street is the towns hot spot for bars, restaurants and, of course, the aforementioned theatre - currently undergoing renovation works as part of ambitious plans to refurbish and reimagine the venue.
Corporation Street is within two minutes walking distance of Chesterfield railway station.
Comprising -
Floorspace - 1,184sqft / 110sqm. Lease Details - Let on a 5-year lease granted in June 2016 (currently holding over). Rent: £13,850 per annum (£11.70/sqft).
Floorspace - 202sqft / 18.72sqm. Lease Details - Let on a 3-year lease granted in December 2023. Rent: £1,450 per annum (£7.18/sqft).
Floorspace - 227sqft / 21.05sqm.
Floorspace - 237sqft / 22sqm. Lease Details - Let on a 3-year lease granted in August 2023. Rent: £1,700 per annum (£7/sqft).
Floorspace - 182sqft / 16.9sqm.
Floorspace - 142sqft / 13.2sqm. Lease Details - Let on a 3-year lease granted in September 2023. Rent: £995 per annum (£7.01/sqft).
Floorspace - 220sqft / 20.45sqm.
Floorspace - 167sqft / 15.5sqm.
Comprising -
Floorspace - 2,738sqft / 254sqm. Lease Details - Let on a 5-year lease granted in May 2017 (currently holding over). Rent: £25,000 per annum (£9.13/sqft).
Floorspace - 1,269sqft / 118sqm. Lease Details - Let on a 10-year lease granted in January 2020 (rent review 2025). Rent: £12,050 per annum (£9.49/sqft).
Floorspace - 3,330sqft / 309sqm. Lease Details - Let on a 10-year lease granted in May 2023. Rent: £22,500 per annum (£6.76/sqft).
Floorspace - 151sqft / 14.05sqm.
Basement level at rear – inclusive to above shop premises
Floorspace - 1,004sqft / 93.27sqm.
Floorspace - 2,027sqft / 188.31sqm. Lease Details - Initially let on a 5-year lease granted in October 2019. New agreement at the same rental level for a 2-year period (subject to a mutual break clause at 12-months), commencing in October 2024. The new lease contracted out of the Landlord and Tenant Act 1954. Rent: £18,000 per annum (£8.88/sqft).
Floorspace - 468sqft / 43.43sqm
Floorspace - 834sqft / 77.44sqm.
Floorspace - 439sqft / 40.77sqm.
Floorspace - 461sqft / 42.83sqm.
Floorspace - 1,051sqft / 97.62sqm.
£95,545 (Potential rent of £114,120 if fully let).
We have been made aware this property is in the Town Centre (Chesterfield) conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Freehold. See legal pack.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 (including the vendors legal and surveyors fees), which will be available to view within the Legal Pack. The Legal Pack also includes information on service charges and any rent arrears (if applicable) as well as contract and transfer documentation. 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 Price
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.
