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The Old Plough, 2 Church Street, Braunston, Oakham, Rutland, LE15 8QT

Lot no: 57 Re-entry to a future auction
 

Guide Price £450,000 - £500,000 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.

Wednesday 18th December 2019

11.30am
Key Features
  • Guide Price: £450,000 - £500,000
  • Freehold pub, restaurant and hotel
  • Vacant possession
  • Picturesque village location
  • EPC Rating: C
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Re-entry to a future auction

Pub

Property Description:

A brick and stone built property originally dating back to the 18th Century, which has been extended over the years and comprehensively refurbished by the current owner.

This immensely characterful property provides welcoming trading areas and well specified letting bedrooms.

The property is situated in the picturesque Rutland Village and benefits from a mix of leisure and corporate hotel bookings.

Externally, there is a well presented enclosed beer garden with a covered terraced seating terrace and ample car parking.

The business is currently run under management and we understand the staff could be re-employed upon completion of a successful sale, should the purchaser wish.

We also understand the property is well specified throughout and the trade fixtures and fittings will be included in the sale. Interested parties are advised to check the legal pack for clarification.

Location:

The property is situated in the affluent Village of Braunston in the county of Rutland, approximately two miles south west of Oakham, 17 miles east of Leicester and 30 miles south east of Nottingham.

The business is well located for exploring Rutland. Nearby attractions include Rutland Water, the market town of Oakham, Grimsthorpe Castle and the annual Burghley Horse Trials.

Accommodation:
Bar (50)

With return bar servery, open fireplace, wood burner and exposed beams.

Furrow Room (40)

Conservatory restaurant with potential to increase the number of covers.

Commercial Catering Kitchen

With wash up/preparation areas and walk in fridge

Separate Stores and walk in Freezer
Beer Cellar
Ladies and Gents WC
Staff WC
Linen/Boiler Room
Outside: Patio (12)

External seating area providing an extension to the Furrow Room restaurant. Provides an option for outside dining during the summer months.

Car Park

For approx. 22 vehicles

Enclosed Beer Garden

With bench seating

Covered Seating Terrace (20)
Pentanque Pitch
Letting Accommodation:

There are five double en-suite letting bedrooms, one of which provides disabled access. Each room comprises smart TVs, tea/coffee making facilities and WiFi.

There is an additional bedroom which is currently used as staff accommodation.

Tenure:

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.