Next auction Thursday 20th June 2.30PM

7 Burlington Street, Chesterfield, Derbyshire, S40 1RS



Guide price

£150,000+


Property Type

Investment


Key Features

  • An opportunity to acquire a retail investment property let to Betfred in the heart of Chesterfield Town Centre
  • Current rent reserved of £22,000 pax.
  • An ideal investment opportunity

Part of the 20 June 2024 auction
Trent Bridge Cricket Ground at 2.30PM

An opportunity to acquire a retail investment property let to Betfred in the heart of Chesterfield Town Centre with a current rent reserved of £22,000 pax.

  • Retail investment property let to Betfred
  • Located in the retail centre of Chesterfield
  • Nearby occupiers: Costa, Greggs, River Island, O2, Clarks, etc
  • A short walk to Chesterfield Train Station
  • Close to multi-storey car parks
  • Situated on the pedestrianised Burlington Street
  • Let on a 5 year lease from May 2023 producing a rent of £22,000 pa
  • Comprising open plan betting office, staff room, staff toilets & store room
  • Large display frontage onto Burlington Street
  • An ideal investment opportunity

Contact Auction Estates on 0115 7844600

Fees

A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

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.

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.

The property is offered For Sale on a new 999 year long leasehold at a peppercorn rent. Let to Betfred on a five year lease from 24th May 2023 with a current rent reserved of £22,000 pax

Refer to Legal Pack

Email: rebecca.toates@brownejacobson.com
Telephone: 0115 908 4862

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