15-17 Burlington Street, Chesterfield, Derbyshire, S40 1RS
Freehold retail investment in Chesterfield
Guide price*
£395,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Auction details:
Thursday 15th May 2025 @ 08:30AM
A virtual freehold town centre retail investment.
Property Description
The property comprises a substantial ground floor double fronted retail unit. It extends to 2,550 sq.ft. (236.9 sq.m.) and is fitted out to the tenant’s usual corporate design. The property benefits from n open plan retail area, managers office, lower ground floor storage, and a ground floor staff room. Additionally , there is air conditioning (not tested).Location
Chesterfield is a large market town located 10 miles south of Sheffield and 27 miles north of Derby. The town has excellent road communications being located on the A61, at its junction with the A619 and the A617 which provides direct access to the M1 Motorway (Junction 29). Chesterfield Rail Station provides mainline and local rail services to key destinations including Manchester, Birmingham and London St Pancras International. The property is situated on the south side of the pedestrianised Burlington Street. Occupiers close by include Greggs, Specsavers, Betfred, Card Factory, Oxfam, Admiral and Clarks amongst many others.Accommodation
Ground floor Retail Area – 1,648 sq.ft (153.2 sq.m).Managers office.
Lower ground floor storage.
Staff room.
Energy Performance Rating
See legal pack.Tenure
Long leasehold. 999 years from 16th January 2025 at a peppercorn ground rent.Tenancy Details
The property is let to Signet Trading Limited ( trading as H Samuel) by way of a lease renewal from 18th September 2024. The passing rent is £42,000 per annum and there are tenant break options at the 2nd and 4th anniversary. There is a 3 month rent penalty applicable on the first break clause.Value Added Tax
The property is elected for Vat, but it is anticipated that the sale will be dealt with by way of a TOGC.Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Service Charge
There is a proportionate service charge payable towards the wider estate management. Details are available within the legal pack upon request.Viewings
Strictly by appointment with the Auctioneers.DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
VIEWINGS
Buyers are deemed to have viewed the property (if access is available), viewed the virtual tours where applicable and undertaken all their due diligence checks prior to bidding.
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
