Pub
The property provides a large former pub premises to the ground floor, four bedroom flats above, large cellar, beer garden/yard and brick outbuildings.
Situated in the centre of the popular village of Whitwick, the property is close to a range of local amenities, bus routes and offers excellent commuter links to Leicester, Derby, Nottingham and Loughborough.
Scope for conversion to residential or a commercial/residential mix subject to planning permission.
Total area potentially gives scope for eight flats, subject to permissions. Potential income of £40,000 per annum if converted.
We are informed VAT will be payable on the purchase price.
L Shaped Main Bar
Games Room
Commercial Kitchen
Ladies and Gents W.C.
Cellar - Large basement area
Function Room
Lounge
Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom
Rear beer garden/patio area
Brick Outbuilding
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.
