Online Auction

The Chesterfield Hotel, Malkin Street, Chesterfield, Derbyshire, S41 7UA

  • Freehold with vacant possession
  • Former 73 room hotel
  • Extensive function and leisure facilities
  • Car park
  • Opposite main rail station
  • Development potenial
  • £33,276 pa income

Details

Location

Chesterfield is a busy market town lying to the south east east of the Peak District National Park, 24 miles to the north of Derby and 11 miles south of Sheffield. The town lies along the west side of the M1, 5 miles from J29 via the A617 dual carriageway link, and the A619 to J30. There are excellent train services across the country with London (1.75 hours), as well as to Manchester, Liverpool, Newcastle and Penzance, as well as proposals as a HS2 stop.
The property occupies a prominent block upon the edge of the town centre, fronting Malkin Street, and facing the main rail station. The property lies alongside and overlooking the A61 with a pedestrian footbridge link into the centre. The hotel car park is currently on a temporary letting, and there is an aerial tower on the roof. The proposed £340m Chesterfield Waterside mixed-use scheme will lie opposite the property.

Description

The property comprises a substantial detached former hotel, dating from the late 1800's with later extensions, set within a sloping island site of 0.33 acres, with parking for circa 60 to one side. The property is arranged over lower ground floor which includes a swimming pool, gym and leisure facilities, ground floor with reception, bars, ballroom, restaurant and other function rooms, and a lift and several stair wells serving two upper floors arranged on split levels around a large central and smaller side light wells, where there are 73 letting rooms.

Lot Type

Online Auction October 2018

Tenure

Freehold

Planning

Informal planning guidance indicates that the property could be suited to a variety or mix of uses in the future that encompass business, leisure, residential and entertainment, including restaurant, events venue, sports facilities, hotel, studios, offices as well as student or private residential. Interested parties should satisfy themselves prior to bidding that they have made all reasonable inquiries.

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Floor Use Accommodation
Chesterfield Hotel Lower ground Ground 1st & 2nd floors Leisure and storage Reception, bar, public rooms Accommodation Pool, gym and leisure facilities Ball room, large restaurant, kitchens, function rooms 73 bedrooms, (38 dble, 19 twin, 16 single)
Car park Roof mast Let on a rolling 6 month licence Let upon an agreement expiring 12/2021 £24,000 pa £9,276.52 pa reviewable 5 yearly


Contact

Seller's solicitor

Teacher Stern LLP David Phillips
0207 611 2359
d.phillips@teacherstern.com

*Reserve Not to exceed

The reserve is the minimum amount the seller will currently accept. This figure does not represent a valuation nor does it reflect the likely sale price. It is subject to change, upwards or downwards.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.

Starting Price £5,000

The auction has not yet started.
Bidding opens on
23rd Oct 2018 12:00
Log in to bid

Connecting to server...

Reserve not to exceed*
£1,500,000

The successful purchaser will be required to pay the auctioneers administration fee of £990 inclusive of VAT. Other additional costs/fees may apply - Click here.


Legal Documents
Log in to view legal documents for this lot
Agreement Documents