37 West Bars, Chesterfield S40 1AG

***BUSINESS UNAFFECTED BY SALE***

Location:
Located in a prominent position opposite the Royal Mail sorting office and McDonalds, within 5 minutes walking distance of the market square and other town centre amenities, including bus stops/interchange and the rail station. Also, equally close to Chatsworth Road regarded as one of the towns most sought-after locations with a wealth of independent shops, restaurants, bars and cafes.

Floorspace:
Net internal area over three floors: 1185 sqft / 110 sqm

Lease Details:
Let to Chesterfield Alehouse Ltd on a 5-year lease commencing October 2021 at an annual rent of £7,500 per annum (£6.33 per sqft). A new 5-year lease term with a rent review after the third year has been agreed at the same rent, to be granted prior to auction. The Legal Pack will include a copy of the new lease.

Note:
The legal pack will be available prior to the auction. This will include the usual searches, title information including copies of the lease(s) and information concerning service charges and any tenant rent arrears together with contract and transfer documentation.

Note
The property tinted in pink on the plan is subject to rights of access to 29 – 35 West Bars tinted in brown and rights reserved over 39 West Bars tinted blue.

See Legal pack for details on occupancy

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. 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.