Commercial Property
The property comprises an attractive two storey detached pub premises of brick construction and a pitched tiled roof.
The property is currently configured to provide a spacious open-plan bar area having timber servery and with a restaurant/dining area at a slightly lower level. There is a large commercial kitchen, prep area, beer cellar, gents, ladies and disabled WC's.
On the first floor there is private living accommodation comprising master bedroom, living room, shower room, a further room currently adopted as a kitchen, but not fitted, office area and attic room accessed via a fixed loft type ladder.
Outside there is a patio area, beer garden, covered smoking solution, external bar area, and surfaced car park for approximately 10 cars.
The property is a situated within a popular and well established commercial environment adjacent to Coleshill Parkway Railway Station and within close proximity to Coleshill town centre, Hams Hall Rail Freight Terminal and having excellent access to the Midland motorway network with the M42, M6 and M6 toll road are all within close proximity.
We understand that the property is Freehold and vacant possession will be given upon completion.
We understand that VAT will be chargeable on this transaction.
All interested parties should refer to the special conditions of sale within the Legal Pack for further information.
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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