Pub
The property comprises a two storey detached public house with a pitched and part flat roof. We feel that the public house would lend itself well to future change of use due to its location within the community, subject to obtaining appropriate planning permission.
The ground floor accommodation comprises two separate bars with one being utilised for functions, behind which are kitchen facilities and a cellar. The ground floor accommodation also benefits from a separate pool room and a recently renovated beer garden.
The first floor accommodation comprises living room, kitchen, three bedrooms and a bathroom.
Externally there is parking to the front and side of the building along with on street parking within the immediate vicinity.
The property is located along the Magdalen Road opposite to its junction with Lambourne Place in Blurton, Stoke-on-Trent. The local area comprises a high density of ex local authority housing stock with the Lambourne Public House a popular and well-known destination. The area benefits from good public transport links and local amenities within a short distance.
We understand the property is let on an 8 year lease commencing 16th October 2017 subject to a rent review at year 5, with a rent passing of £23,400 plus VAT per annum. We have not had sight of any documentation regarding the lease and would advise interested parties to see the legal pack for clarification.
We understand that VAT is chargeable upon the completion of this transaction.
Freehold.
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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