Commercial Property
A freehold Grade II listed building located in the popular Queens Head Court which is centrally located in Newark offered with vacant possession upon completion.
We have been advised that the property was until recently trading as a vey busy café specialising in home made foods. We have been advised that all the equipment will be left as is and that a new owner could with reality minimal work reopen or offer the unit for let.
Front External: At the front of the property, there are three tables, each with four chairs, but this setup can be expanded to accommodate up to 25 covers.
Ground Floor: The ground floor features a 12-cover dining area, a main counter servery, and a fully fitted kitchen.
First Floor: Accessible via a solid wood staircase, the first floor offers a larger space for 35 covers and includes additional customer toilets.
We have been verbally advised by the seller that some items are being left at the property, should prospective buyers wish to make use of these, including:
2x undercounter fridges
6x hob electric cooker & oven
4x door counter fridge
1x Salamander grill
1x top and bottom grill
2x microwaves
1x tall fridge
1x small freezer
1x tall freezer
1x drinks fridge
1x dishwasher
1x 2-arm coffee machine
1x cake display
2x Epsom touchscreen till points
Large selection of solid wooden chairs and tables, including highchairs
2x toasters
Pots and pans
Plates and Dishes
Kettles
Selection of China tea pots, coffee pots, and crockery
Please note that this list may not be exact, and no guarantee is given in respect of the quality or working order of the items. Prospective buyers are advised to book a viewing, and make all necessary independent enquiries before placing their bid, as this will be binding.
Newark is a sizeable Market Town with a residential population of 25,000, together with a catchment area giving a population of 113,000 approximately. The area is placed reasonably centrally in the UK and is well placed for access to the A1 for commuting North and South. Newark is on the main East Coast railway line with regular railway services to London Kings Cross with journey times just over 75 minutes.
Standard brick
Standard - 17 mbps and Superfast - 80 mbps available
O2, EE, Three and Vodafone available
We have been made aware this property is in a conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
- Heating Supply: Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Private Supply
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 2% of the purchase price (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, 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 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.
