Lot 4 - The Vaults, 40-42 High Street, Denbigh, Clwyd, LL16 3RY
- Unconditional Online Auction Sale
- Guide Price* : £35,000
Addendum
VAT is payable on the purchase price at completion.
Vacant 4 storey town centre pub/bar and upper floors approximately 464 sq m (5000 sq ft) with development potential STC
Description
Four storey town centre premises comprising former public house and club to the ground and first floors, with two further upper floors in need of refurbishment. The property has development potential subject to obtaining the necessary consents.
Accommodation is arranged as a ground floor bar/trading area, with small kitchen with stairway access to both basement and first floor. At first floor is an area previously used as bar/night club, together with a larger kitchen. There's an additional access from the side to the rear of the first floor, which in turn leads to the second and third floors which provide a variety of additional rooms. It appears they may have been in residential use in the past and we understand that the Seller has drawn up plans to convert into flats, but planning permission has not been sought.
Location
The premises occupy a prime retailing location in the market town of Denbigh Adjacent is a Boots chemist, and nearby is Holland and Barrett and a Co-op supermarket. There is on-street parking and a large public car park to the rear of the units on the opposite side of the High Street. The town lies roughly halfway between St Asaph to the north and Ruthin to the south, with Chester approximately 20 miles to the east.
Tenure
Freehold.
Accommodation
The following approximate net internal areas have been provided by the Vendor's Agent:
Ground Floor - Bar, Kitchen and W.C's 92 sq m (990 sq ft)
First Floor - Club, Kitchen and W.C's 77 sq m (829 sq ft)
Second Floor - 9 Rooms 106 sq m (1,141 sq ft)
Third Floor - 7 Rooms 108 sq m (1,163 sq ft)
Basement (Unmeasured)
TOTAL 383 sq m (4,123 sq ft)
Note: The GIA is 465 sq m (5000 sq Ft).
Outside
There is a yard area with access internally from the first floor, or via the an alleyway leading from the High Street on the right hand side when viewed from the front.
EPC
Energy Asset Rating is D.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £1,000 payable upon exchange of contracts.Additional Information
1. Interested parties considering redevelopment should consult direct with the Local Planning Office, Denbighshire County Council, Wynnstay Road, Ruthin, LL15 1YN Tel: 01824 706000
2. The property is Grade II listed.
3. The marketing plan includes parts of the property where only the ground floor and only the first floor and above are included. Please refer to the Title documentation in the Legal Pack for full information.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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