24th July 2020
No half measures as two pubs go under the hammer
It’s happy hour for investors seeking a pub to purchase, as they have the choice of hostelries in the West Midlands and Wales when they go under the hammer this month.
With an attractive *guide price of £80,000+, The Cross Guns, 19 Vincent Street in Hanley, Stoke-on-Trent, is a vacant freehold property with refurbished living accommodation.
The two-storey end-terraced property was trading until recently and is being sold with fixtures and fittings. The traditional ground-floor layout features a main entrance leading to the lounge on the left and the bar on the right, both in good condition. It also has a well-equipped cellar, customer WCs and a beer garden.
The first-floor living accommodation comprises a kitchen with a large separate pantry, a lounge, two bedrooms, bathroom, separate WC and access to the loft area. Outside there is parking for two cars.
Commercial valuer Chris Theocharides said: “This is an excellent opportunity to invest in Stoke’s commercial hub and an area which is the focus of a major regeneration project.
“While the buyer will have the option to reopen the pub, there is also the possibility of reconfiguring the property’s ground floor layout by removing the bar. This would enable the new owner to create two self-contained apartments, or to turn the building into a House in Multiple Occupation, subject to the necessary planning permissions.”
Over in Wales, the Red Lion Pub in Cyffylliog, Ruthin has a guide price of £240,000+ and represents an ideal opportunity to run a thriving business in the village, according to Chris.
“This is a real gem, with lots of traditional period features creating a cosy atmosphere. I particularly like the tiling in the gents’ toilets, which is a fantastically quirky feature. As it the only pub in the village, this represents a fantastic opportunity to create a business right at the heart of the community. It has previously operated as a bed and breakfast and a village shop, too, represents other possible income streams.”
The freehold property features a lounge bar with a wooden bar and open fireplace, a public bar with exposed stone walls and beam, a snug, a games room, restaurant area/function room, an annexe, the former shop, customer toilets, kitchen and beer cellar.
Upstairs, the accommodation is very well presented and comprises a lounge, dining kitchen, three double bedrooms and a bathroom. Outside there is a beer garden and parking for around two dozen vehicles.
Chris added: “The Red Lion is in a beautiful location, in the heart of a rural village in the picturesque River Clywedog valley, about four miles west of Ruthin and surrounded by spectacular open countryside. It would be a wonderful place to run a business.”
The two pubs are among 169 residential and commercial lots around the UK being sold in the July national property auction held by SDL Auctions, the most successful live-streamed auctioneer in the UK**, which has raised more than £55 million for sellers since the start of lockdown.
The bumper auction will be broadcast from the head office auction studio, with remote bidding by telephone, over the internet and by proxy. To register to bid, or to find out more about any of the properties in the latest catalogue, please click here.