Commercial Property
The property comprises a detached two storey public house of brick construction, with a pitched tiled roof. The property provides on the ground floor a main bar with bar servery, pool area and darts throw. A spacious lounge with bar servery and benched seating, gents and ladies WCs and two trade kitchens.
On the lower ground floor there are stores, boiler room, beer cellar and garage. On the first floor there is self contained living accommodation comprising three bedrooms, bathroom, lounge, kitchen and safe room. Outside there is a seating area and surfaced car park.
The property lies to the southern side of Old Forest Way, situated within an established residential area and has served as a locals pub, being situated adjacent to the River Cole.
Given this neighbourhood location, the property is considered suitable for a continuation of its existing use or a variety of alternative uses, subject to obtaining any appropriate planning permission.
We understand that the property is Freehold and vacant possession will be given upon completion.
We are advised that VAT will be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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