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Restaurant, Licensed and Takeaway for sale in Edleston Road, Crewe, Cheshire

Description

For Sale by public auction on 15th July 2019. Live online bidding available.


Extensive two storey mid terrace property, previously a Chinese Takeaway with two bedroom flat above, The property occupies a prominent position on Edleston Road in Crewe. The premises have suffered smoke damage in the kitchen from a minor fire. Offered Freehold with vacant possession.

  • 1084 sqft Min Size
  • 1084 sqft Max Size
  • Hot Food Takeaway Premises and 2 bedroom first floor flat
  • NIA: 1084 Sq ft (100.70 Sq m)
  • Fitted as Chinese Takeaway
  • Freehold with vacant possession
  • Estimated Rental Income £12,000 £14,000 pa
  • Property has suffered minor fire damage in kitchen
  • Restaurant, Licensed and Takeaway

Buyers Administration Fee

A buyers administration fee of £840 including VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.

Legal Pack

Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website www.buttersjohnbee.com. Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.

Addendum

Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.

Guide Price

An indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price

The sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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