Commercial
FOR SALE BY AUCTION - THURSDAY 11TH SEPTEMBER 2014
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
DRAFT DETAILS ONLY.
EXCELLENT COMMERCIAL INVESTMENT PROPERTY – prominently located restaurant, wine bar and coffee shop premises with accommodation arranged over two floors, let on a 10 year lease with over 5 years to run.
Ground Floor
Entrance
Large lounge bar
Female and male/disabled wc’s.
First Floor
Restaurant
Capable of seating 40-45 dependent on layout
Female and male wc’s
Staff cloakroom
Catering kitchen
Outside
Store room, tradesman access.
Lease Details
The property is let on a 10 year lease from December 2009 on FRI terms at a current rent of £19,272 per annum.
Tenure
Freehold. Subject to tenancy.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 deposits.
The sale of each lot is subject to a buyers contract handling fee of £750 (inc VAT) payable on the fall of the hammer.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
FOR EPC’S AND LEGALS PLEASE SEE THE WEBSITE
WWW.GRAHAMPENNY.COM
EXCELLENT COMMERCIAL INVESTMENT PROPERTY
A current rent of £19,272 per annum.
Restaurant capable of seating 40-45
Energy Efficiency Rating : C
