Mixed Use
Located just off Bridge Street within the popular town of Appleby-In-Westmorland, Kingshead Court is well placed within the thriving town centre. Comprising a pub, cocktail bar, nine self-contained flats, tattoo studio, music studio and office spaces, the property presents a substantial and attractive investment opportunity. The building is well positioned amongst a variety of locally owned, independent businesses and is within walking distance of the local supermarkets, post office, medical practice and dental practice. Appleby offers an abundance of outdoor spaces to enjoy as well as Lake District National Park easily accessible in less than 30 minutes. Transport links include Appleby train station within walking distance of the property and a regular bus service operating within the town, providing direct routes to Penrith and surrounding areas.
Kings Head Hotel
Bar area with seating- 33ft 1 x 26ft
Pool table area 18ft 1 x 17ft 1
Customer Toilets
£890 per month (includes flat two/three and ‘The Snugg’)
The Snugg Cocktail Bar
Shine Music Studio - £300 per month
Highlights Yoga Studio- £200 per month
Flat One- Tenanted £390 per month
Lounge- 19ft x 11ft 1
Kitchen 11ft 1 x 9ft
Bedroom 12ft x 10ft 1
Bathroom 7ft 10 x 5ft 11
Flat two –
Currently being used as storage / office / staff space for the pub.
Room One- 12ft 1 x 9ft 10
Room Two (staff room) 13ft x 16ft
Room Three (office) 13ft 1 x 11ft 1
Kitchen 7ft 1 x 15ft
Bathroom 8ft x 6ft
Flat Nine -
Lounge – 11ft 10 x 14ft
Kitchen 11ft x 9ft 11
Bedroom One 14ft x 19ft 11
Bedroom Two 10ft 1 x 8ft
Shower Room 6ft 1 x 6ft 1
Flat Three - (not inspected) £380 per month
Lounge
Kitchen
Bedroom
Bathroom
Flat Four (not inspected) £400 per month
Lounge
Kitchen
Bedroom
Bathroom
Flat Five (not inspected) £395 per month
Lounge
Kitchen
Bedroom
Bathroom
Flat Six (not inspected) £400 per month
Lounge
Kitchen
Bedroom One
Bedroom Two
Shower Room
Flat Seven (not inspected) £350 per month
Lounge
Kitchen
Bedroom
Bathroom
Flat Eight (not inspected) £420 per month
Lounge
Kitchen
Bedroom One
Bedroom Two
Shower Room
Ground Floor – 13ft 1 x 11ft 1
First Floor 13ft 1 x 10ft 1 – with separate toilets
Freehold. Part let/part vacant.
Viewings:
To book a viewing, please contact SDL Property Auctions to arrange.
Auction Method:
The auction for this property will take place as an "Auction Event" behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely - please see the below section on "Registration Process". The auction can be watched in real-time on the auction date through SDL Property Auctions' website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions' Buyers Terms (England & Wales) which are available on SDL Property Auctions website.
Auction type- Unconditional with Fixed Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer's Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Property Auctions website by searching for the property. On the property details page there is a sub-heading "Legal Packs". Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the SDL Property Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
