Commercial
DRAFT DETAILS ONLY.
Situated in a densely popular residential area, this substantial public house is well suited as either a pub/restaurant or indeed a wide range variety of other commercial uses or residential use subject to the necessary consent.
Held on a long leasehold basis (57 years unexpired) at a current rent of £4,850 per annum the accommodation briefly comprises ground floor lobby, open plan lounge bar, snug, ladies and gents wc's, prep area, spirit store, general store and beer cellar. To the first floor there is a lounge, kitchen, three bedrooms and a bathroom. Outside there is a garage and store.
Lease Details
The property is held on a lease from Derby City Council for a term of 57 years at a current rent of £4,850 per annum which is to be reviewed every 21 years. Full lease details are avialble on request.
Chaddesden is a popular residential area of Derby with a good range of amenities available locally including shops, schools and leisure facilities. Derby City centre is approximately 4 miles to the west and offers a more comprehensive range of amenities.
Ground Floor
Lobby
Open Plan Lounge Bar
Snug
Ladies & Gents wc's
Prep Area
Spirit Store
General Store
Beer Cellar
First Floor
Lounge
Kitchen
Three Bedrooms
Bathroom
Outside
Garage and store.
Directions
The approach from Derby is via the Old Nottingham Road heading east out of the City centre, passing through the shopping centre and continuing along the Old Nottingham Road until eventually turning right into Eden Road, then bear left into Albert Road before turning right onto Cavan Drive. The property will then the locate don the right as denoted by for sale by auction board.
Vendors Solicitors/Licensed Conveyancers
John M. Lewis & Co, 92 St. Peter's Street, Derby DE1 1SR telephone 01332-292204
Tenure
Leasehold. 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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £495 (inc VAT) payable on the fall of the hammer.
To comply with the Estate Agents Act 1979, interested buyers/purchasers are informed that the vendor is an associated company of Graham Penny Auctions Ltd.
For Sale by Auction: Thursday 26th May 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
Substantial leasehold public house with three bedroomed owners accommodation above
Suitable as pub/restaurant or wide of other commercial uses or possible residential (subject to consent)
Excellent and rare opportunity
