Online Auction

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

  • Unconditional Online Auction Sale
  • Reserve not to exceed : £1,250,000
  • Freehold with vacant possession
  • Former 73 room hotel
  • Extensive function and leisure facilities
  • Large car park
  • Opposite main rail station
  • Development potential (subject to planning)

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 a shortest journey time of 1 hour 45 minutes to London, as well as direct services to Manchester, Liverpool, Newcastle and Penzance.

Chesterfield is also a proposed HS2 stop, and extensive regeneration of the town is planned as a result, including the £340m mixed-use Chesterfield Waterside development.

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 Chesterfield Waterside 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 cars. The property is arranged over a 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 light well and smaller side light wells, 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.

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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.


Related Documents

Legal Documents

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Agreement Documents