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The Swan Inn, Town End, Cheadle, Stoke-On-Trent, ST10 1PF

Lot no: 50 Sold at Auction for £169,000
 

Guide Price £115,000+ 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.

Thursday 29th April 2021

10.00am
Key Features
  • Former public house
  • Popular location
  • 6 miles from Alton Towers Resort
  • 3750 Sq. ft. of accommodation
  • Development opportunity stpc
  • EPC Rating: C
  • Five bedrooms
  • Multiple reception rooms
  • A range of outbuildings
  • A generous sized plot
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Sold at Auction for £169,000

Pub

Property Description:

A former public house with potential for re-development, subject to planning consents.

The Swan Inn is a former public house with lots of potential on offer, occupying a prime position and just 6 Miles from Alton Towers and offering a colossal 3,750 square foot of accommodation. If you are looking for a development opportunity there are many options available at The Swan to explore, subject to gaining the necessary planning consents, and would make an ideal conversion to apartments, serviced accommodation or social living.

To fully appreciate the property and the opportunity it has on offer please watch the virtual tours of the downstairs and upstairs, or book a viewing appointment.

If you are looking to provide serviced accommodation for this property we have been informed by a provider that a nightly room rate in the region of £150 per night is achievable.

Current Accommodation
Ground Floor

The property currently has a bar area, lounge area, seating and games areas to go along with a central bar as well as a kitchen. There is a cellar, a range of outbuildings and toilet facilities to complete the downstairs accommodation.

First Floor

Upstairs there are five bedrooms, a kitchen/diner, lounge and two bathrooms offering plenty of scope for development.

Outside

Outside there is a patio and two grassed areas as well as an extensive plot with further seating areas.

Occupancy

Vacant.

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.

Virtual Viewing