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The Caroline Hotel, Caroline Street, Hetton le Hole, Houghton le Spring, DH5 9DB

Lot no: 29.0 Sold Prior to Auction
 

Guide Price £55,000 plus fees


Thursday 15th October 2009

12.00am
Key Features
Freehold Public House
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Sold Prior to Auction

Commercial

Property Description

Occupying a prominent corner position in this popular location, this substantial two storey detached building represents an excellent opportunity to acquire a freehold building with the benefit of substantial accommodation over two floors.

 

The accommodation which is currently a pub on the ground floor and living accommodation on the upper floor comprises main bar, games area and kitchen on the ground floor, to the first floor are five rooms, a kitchen and a bathroom/wc.  It also has the benefit of a cellar.

 

The property is suited to either a residential conversion or redevelopment (subject to any necessary planning consents) occupies a substantial site of about 3,445 square feet or thereabouts.

 

Hetton le Hole is handily located approximately two miles from the A1M and approximately five miles from both Durham and Chester le Street both of which offer a broad range of facilities.

 

GROUND FLOOR -

 

Main Bar

 

Games Area

 

Kitchen

 

FIRST FLOOR -

 

Five Rooms

 

Kitchen

 

Bathroom/wc

 

Basement Cellar

 

Directions

The property can be accessed from the A1M at junction 62 via the A690 and the A182.  Caroline Street runs north-east off the A182.  The property is on the north side of Caroline Street at its junction with Edward Street.

 

NOTE

Under the Estate Agents Act we must inform interested parties that the vendor is a partner of Graham Penny Auctions.

 

Vendors Solicitors/Licensed Conveyancers

John M. Lewis & Co, 92 St. Peter's Street, Derby DE1 1SR - telephone 01332-292204

 

Tenure

Freehold. Vacant possession on completion.

Conditions Of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not.  Any questions relating to them must be raised prior to 11.30 am.  Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Note

Prospective purchasers will need to register within the auction room before the sale commences.  Two items of identity will be required together with an indication of how a contractual deposit will be paid.  We do not take cash or credit card deposits.

 

The sale of each lot is subject to a contract documentation charge of £350 (inc VAT) payable on the fall of the hammer.

For Sale by Auction: Thursday 15th October 2009

At Pride Park Stadium, Derby

Commencing at 11.30am

www.grahampenny.com

Feature 1

Detached two storied building arranged as pub on the ground floor and living accommodation on the first floor

Feature 2

Potential conversion/redevelopment opportunity (subject to planning)

Feature 3

Previously sold for £380,000 (July 2005)

Tenure: