Pub
The property comprises of a detached two storey brick built public house surmounted by a pitched roof located on the corner of Cambridge and Arundel street.
The pub was trading as “The Cambridge” and we are verbally advised that much of the equipment will remain allowing for someone to continue with current use if they so wish. Interested parties are advised to check the legal pack for further details and satisfy themselves as to any equipment that will remain, and its suitability for continued use.
We feel that the property would suit conversion into an alternative use such as residential dwellings subject to obtaining appropriate planning consent.
A seating area providing approximately 80 covers surrounding a bar along with a glass wash area and also benefits from a cellar. Approximate ground floor area 2268 sq feet (210 sq m).
Accessed from an internal staircase leading to a landing area and is divided into six double rooms and one single room, a kitchen, bathroom and wc. There is also a roof terrace.
Beer garden, separate bin store and courtyard.
The property is located on the corner of Cambridge Street and Arundel Street in Walsall, approximately 8 miles from Birmingham city centre. The property sits in a predominantly residential area with some new build development having taken place recently within the vicinity.
We understand that VAT will not be chargeable on this transaction.
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.
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