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The Royal Oak, Brookside, Scopwick, Lincolnshire, LN4 3PA

Lot no: 17 Sold After Auction
 

Guide Price £230,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Tuesday 4th September 2018

11.30am
Key Features
  • Grade II Listed Public House
  • Licensed Premises currently trading, with vacant possession on completion
  • Excellent re-development potential (subject to planning consents)
  • Attractive rural location
  • EPC Rating: D
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Sold After Auction

Pub

Property Description:

DRAFT DETAILS

An excellent opportunity to acquire a grade II listed public house in the heart of the attractive and quiet rural village of Scopwick in Lincolnshire. Scopwick is located approximately 10 miles to the South of Lincoln and 10 miles to the North of Sleaford.

The property itself is located on Brookside, at the junction of the main B1188 road.

The premises comprise a two-storey traditional brick built Public House which is constructed under a pitched tiled roof.

Internally the premises comprise a bar servery with further lounge/snug and catering kitchen to the ground floor. The premises further benefit from owner’s accommodation which consists of 3 bedrooms and family bathroom on the first floor.

Externally the premises have an enclosed car park to the rear with further parking to the front of the premises.

Although the property is currently trading, upon completion the property will be available with vacant possession.

The premises would suit its continued use as a Public House but may suit conversion to a residential dwelling subject to obtaining the necessary consents.

The accommodation comprises:

Ground Floor:
Main Bar Area

69.7 sq m (750 sq ft)

Bar Servery

13.5 sq m (145 sq ft)

Lounge/Snug

22.7 sq m (244 sq ft)

Kitchen

10.7 sq m (115 sq ft)

Cold Store/Cellar

18.5 sq m (199 sq ft)

First Floor:
Bedroom One

19.3 sq m (208 sq ft)

Bedroom Two

11.8 sq m (127 sq ft)

Bedroom Three

13.3 sq m (143 sq ft)

Bathroom

10 sq m (108 sq ft)

Outside

The premises have an enclosed car park to the rear with further parking to the front.

Tenure:

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.