Commercial Development
The former Coach and Inn we believe dates back to circa 1760, has a particularly attractive appearance and offers approximately 6,000 sq ft floor space arranged over three storeys and being constructed of brick under a pitched tiled roof which would also potentially allow itself for conversion into residential apartments subject to the usual planning consents. Outside there is a large car park for approximately 45 vehicles and could potentially offer further development opportunities (subject to the usual planning consents).
Internally the accommodation consists of main entrance with lobby and access into the lounge bar which is L-shaped and having feature return bar with solid polished counter, back fitting with a range of trade optics and refrigerated bottle coolers (not tested). Further to the spacious room there is a feature brick built fireplace and access to the wc’s, game room and restaurant. To the front is a good sized light and airy room with feature brick built fireplace, part panelling to the walls and original bakers oven. There is a games rooms and ladies and gents wc’s. Lower ground floor cellar with dray drop pumps – tilt racks and cooler. Catering facilities include a fully equipped commercial kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a fridge/freezer store room. To the first floor landing there are four generous sized bedrooms, shower room and wc. There is also the owners accommodation on the first floor which consists of a bedroom/lounge, kitchen and bathroom area. On the second floor there are an additional four rooms which would allow themselves for a potential of different uses. Outside there is a paved patio with seating area, patrons parking facilities with line spaces for circa 50 cars.
The historic and well regarded village of Needwood is situated approximately 4 miles west of the market town of Burton on Trent which is highly regarded for its brewing of fine ales and is presently situated on the west bank of the River Trent. Barton Turns Marina also being close to Needwood is a 65 acre site and offers 320 moorings and includes two lakes, new forest plantations and pleasant parkland style walks. Excellent investment opportunity.
It may be of interest to prospective buyers that the current owners have spent considerable time and effort in appointing architects to draw up alternative proposed schemes.
Proposed in the first set of drawings is an additional extension with Orangery garden room located to the rear of the existing pub along with a detached coach style building consisting of six lettable rooms located to the south end of the car park.
A further set of drawings will indicate a proposed economical new build public house restaurant which would have a particularly attractive period style façade and with letting rooms above. For further information please contact the office.
The intention is that:-
(i) the existing Overage (the Disposal Overage) is to be extended until 2035.
(ii) there is to be a new overage (the Planning Overage) to be triggered if planning permission is granted for any development on the site except
(a) if that planning permission is for a use within the existing footprint of the building only or
(b) the planning permission is for a development ancillary to use of the building as licenced premises other than a development providing additional accommodation outside the existing footprint of the building.
The Planning overage will expire in 2035 and is for 50% of the uplift
Additionally, it is to be a condition of the sale that should the sale trigger the existing overage provision either the buyer will pay the amount due under the overage provision which is 50% of the sale price or the contract is voidable by the vendor.
Freehold. Vacant possession upon completion.
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.
