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Mixed Use for sale

North Star Club, 32 & 32A Welbeck Road, Bolsover, Derbyshire S44 6DE

Guide Price* £175,000

Property Description

Key features

  • Excellent high yield investment
  • Short walking distance of town centre
  • Gross income of 24,600 per annum plus approx 8,050 per annum variable
  • Mixed residential/commercial property
  • EPC Rating: D & E

Full description

For sale by auction on Thursday 31st May 2018
At Derby Auction, The Pedigree Suite, Pride Park Stadium, Derby, DE24 8XL
Commencing at 11:30 am

An excellent opportunity to purchase a commercial/residential property. Gross income of £24,600 per annum plus approximately £8,050 per annum variable.

The property comprises the North Star Club Public House to the ground floor together with separate ground floor flat, with three further flats to the first floor. The property benefits from partial uPVC double glazed windows and is centrally heated by a renewable heat incentive biomass boiler providing heating and hot water. The income from the biomass boiler is variable at approximately £6,450 per annum - please see the legal pack for further information.


Accommodation


Ground Floor

North Star Club Public House: Main bar seating area 10.6m x 5.9m having bar area, table tennis area, darts board, male and female toilets, access to boiler room, 2 radiators and front facing window.
Pool Room: 10.6m x 4.3m having pool table, heating, bar area and radiator.
Kitchen: 3.7m x 2.4m having side fire escape door, double glazed window, range of base units including stainless steel sink.


Ground Floor Residential Area

The kitchen links the public house to the residential accommodation.
Communal Kitchen: 4.2m x 3.2m having a range of base and wall units including stainless steel insert sink, plumbing for washing machine and automatic dryer, 2 gas hobs and cookers and 2 fridges.
Communal Lounge: 3.9m x 3.5m having upvc double glazed window, radiator, TV point and side entrance door.


Ground Floor Flat One

Bedroom: 3.6m x 3.2m having front facing window and radiator
Lounge: 7.1m x 3.6m having front facing window, radiator and Entrance Hall with seperate side entrance door.
Bathroom: 2.3m x 1.4m having a fully tiled suite comprising pea shaped bath with overhead Shower, wash hand basin and WC.

A flight of stairs from the communal lounge leads to First Floor.


Flat Two

Situated on the First Floor the flat consists of
Bedroom: 3.9m x 3.9m ( maximum overall dimentions) having upvc double glazed window and radiator.
Bathroom: 1.7m x 1.7m having full tiled suite comprising walk in shower, wash hand basin, WC and radiator.


Flat Three

Bedroom: 4.6m x 1.9m (maximum overall dimensions) having front facing window and radiator.
Bathroom: 1.7m x1.4m (maximum overall dimensions) having fully tiled suite comprising walk in shower, WC and wash basin.


Flat Four

Not Inspected


Outside

Courtyard with seating area and separate access to the North Star Club Public House. A separate access leads to the residential building.


Directions

Enter Bolsover via Chesterfield Road, Proceed over the mini roundabout onto Station Road (A632) continuing all the way up the hill to Bolsover Town Centre. At the second set of traffic lights turn left onto Welbeck Road and the property is situated on the right hand bend.


Rental Income

Flat 1 - £375 pcm
Flat 2 - £375 pcm
Flat 3 - £375 pcm
Flat 4 - £325 pcm
Pub - £600 pcm (plus £100 per pallet of pellet order - approx £1,600 per annum)
RHI Boiler Income - £6,450 per annum approx


Tenure
Freehold

Viewing Details

By arrangement with the auctioneer 01332 242880 or can be booked online www.sdlauctions.co.uk


Conditions of Sale

The Conditions of Sale (also known as the legal pack) will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. They will also be available to download from our website. Any questions relating to them must be raised prior to the auction. 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.


*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, 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. 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 the Guide Price and the Reserve Price click here.


Energy Performance Certificates

EPCs can be viewed in full in the legal pack or from the lot information section of our website.


Unconditional Auction Method

Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.

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 cheque deposits. Remote bidding facilities are also available.


Auction Fees

The sale of this lot is subject to a buyer’s administation fee of £1074 including VAT (unless otherwise stated in the important notices), payable on the fall of the hammer.

The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section, or to find out more about any additional fees associated with this property please contact the auction office.



Nearest stations

  • Langwith-Whaley Thorns (3.3 mi)
  • Cresswell (3.8 mi)
  • Shirebrook (4.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

SDL Auctions Graham Penny, Derby

Derby

01332 448076 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Langwith-Whaley Thorns (3.3 mi)
  • Cresswell (3.8 mi)
  • Shirebrook (4.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

SDL Auctions Graham Penny, Derby

Derby

01332 448076 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference gp_derby_1440361_9437. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Auctions Graham Penny, Derby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Graham Penny, Derby on 01332 242880.


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