For Sale By Auction | 2:30pm, 27 February 2020 | Lot 15

1 New Street, Deddington, Oxfordshire, OX15 0SP

*Guide | £300,000+ (plus fees)

  • Mixed Use
  • 3 Bedrooms
  • Tenure: Freehold

Call the team on 01234 362899 for more information

Auction Date

Thu 27/02/2020

Auction Time

2:30pm

Auction Venue

Delta Hotel, Timbold Drive, Milton Keynes, Buckinghamshire, MK7 6HL

Viewing Times:

Wed 12 Feb

11:30 - 12:15

Sat 15 Feb

11:30 - 12:15

Wed 19 Feb

11:30 - 12:15

A 50 to 60 cover restaurant with further permitted use as a hot food takeaway business, with a large 3 bedroom residential flat to the first floor.

Occupying a prominent location this large property is currently trading as a long established Chinese restaurant on the ground floor and across the entire first floor is residential accommodation. The property has been in the same ownership for the last 30 years and having built up a reputable business the restaurant remains trading. For any new owner the property offers scope to remain as a large single restaurant and flat over, or (subject to any necessary local authority consents) to subdivide into two restaurants and flats or into houses.

Tenure

Freehold

Ground Floor:

Public entrance, bar area, restaurant area and gents W/C, a shared fire escape with a private residence next door. Back of house consists of a commercial kitchen, bar and storage areas.

First Floor:

Ladies W/C and staff W/C, internal door through to the landing serving three large bedrooms, walk through sitting room, partially fitted kitchen and a bathroom.

Outside:

From the first floor kitchen, there is a small door out on to a roof space, which has commercial extraction units fitted.

Planning Decision:

Change of use from tea rooms to restaurant with ancillary take away facilities was granted on the 5th of December 1985. Application Number - CHN.396/85

Open House Viewings:

Wed 12 Feb: 11:30 - 12:15 Sat 15 Feb: 11:30 - 12:15 Wed 19 Feb: 11:30 - 12:15

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Cherwell District Council - 01295 227001

Solicitors

Palmers Solicitors LLP, Hassett House, Hassett Street, Bedford MK40 1HA, Ref: Yagnesh Shah - yshah@palmers.co.uk, Tel: 01234 211161

Additional Fees

Buyer's Premium - There is no Buyer's Premium payable on this lot.

Administration Charge - Purchasers will be required to pay an administration fee of £900 incl. VAT.

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