***INVESTMENT*** Producing £8,400pa

An excellent opportunity to purchase an end terraced property currently used as a wine bar. The property has been let on an informal basis since 2014 at a monthly rent of £700. It thus has an annual income in the order of £8,400pa. We are aware that the current tenants are in the process of finalising a formal lease and if this is completed prior to the auction it will be available online immediately after receipt at our office. There are a number of the tenant's fixtures and fittings that are excluded from the sale which include the following, Ground and first floor WCs, bar, bar area, light fittings, carpets, floor coverings and shed to rear.

Tenure

See Legal Pack

Accommodation

The property is currently arranged as a Ground Floor: Wine Bar with small Kitchen, separate rear Entrance Hall, Disabled WC. A flight of Stairs leads to the First Floor: Function Area with Separate Vanity Area and WC. A further flight of stairs leads to Attic/Store/Temporary Sleeping Accommodation.

Outside

Sees small paved are to front, pedestrian access to side leading to rear yard.

Special Conditions of Sale

The purchaser in addition to the fall of the hammer price will be responsible for 1.8% inc vat auction costs subject to a minimum fee of £2340 inc vat whichever is the greater.

Viewings

Open viewings will be available and advertised on our website www.auctionhouse.co.uk/copelands. Please check back regularly for new viewing times.

Local Authority

Chesterfield Borough Council

Solicitors

Banner Jones, 24 Glumangate, Chesterfield, S40 1UA, Tel: 01246 560560

Additional Fees

Buyer's Premium - 1.8% inc VAT of the purchase price, subject to a minimum of £2340 inc VAT, payable on exchange of contracts.

Administration Charge - £660 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.