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The Old Black Lion Public House, Chapelgate, Gedney, Spalding, Lincolnshire PE12 0BW

Lot no: 105 Re-entry to a future auction
 

Guide Price £225,000+ 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 24th November 2022

10.00am
Key Features
  • Large Public House
  • Lovely village location
  • Pub with large flat above
  • Three storey accommodation
  • EPC Rating: Exempt
  • Council Tax Band: A
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Re-entry to a future auction

Mixed Use

Property Description:

DRAFT DETAILS. Awaiting vendor approval.

A spacious, Grade II Listed, property comprising of a pub to the ground floor and spacious 3 bedroom duplex apartment above.

To be sold freehold and with vacant possession.

The pub offers rooms for seating, dining and games along with bar area, cellar, kitchen and toilets.

The apartment comprises; lounge, kitchen, three bedrooms and bathroom.
Outside offers gardens to the side and rear aspects.

Situated in a highly regarded village. The property would make a fantastic family home or other commercial uses, subject to planning permission for conversion

Alternatively it could be let as a pub and flat separately. Currently, as it is a pub, there are no business rates payable.

Pub - Ground Floor

Reception
Lounge Bar 4.33m x 4.10m
Dining Room 6.30m x 4.68m max
Main Bar5.10m x 4.72m
Kitchen 4.96m x 2.77m
Cellar / Store 4.90m x 3.14m
Side Entrance Lobby
Gents W.C.
Ladies W.C.

Flat - First Floor

Split level landing
Lounge 4.72m x 4.08m
Kitchen 4.60m x 2.40m
Bedroom One 4.70m x 4.20m
Bathroom - WIth 4 piece suite

Flat - Second Floor

Landing
Bedroom Two 4.10m x 2.60m
Bedroom Three 3.80m x 2.60m

Outside

Gravelled gardens to the side with additional covered seating area, lawned garden to rear and attached store.

Tenure:

Freehold. Vacant possession upon completion.



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 (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


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 £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.


Guide Price & Reserve Price

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.