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The Wharton Arms, Ridge Terrace, Bedlington NE22 6DA

Lot no: 117 Withdrawn
 

Guide Price £150,000+ 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 June 2023

10.00am
Key Features
  • Public House
  • Four Bed Accommodation Above
  • Located within Bedlington Town Centre
  • Light Modernisation Required
  • EPC Rating: C
  • Council Tax Band: A
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Withdrawn

Mixed Use

Property Description:

A public house with four bedroom, living accommodation above.

A substantial property comprising a pub to the ground floor with a four-bedroom apartment above.

The property is prominently placed within Bedlington Town Centre, a prime spot surrounded by a number of popular pubs, bars and eateries. All necessary amenities and services can also be found nearby including shops, schools and transport links, making the property suitable for a variety of uses (subject to planning).

The property itself offers spacious accommodation throughout, requiring some light modernisation.

The property is sold let. Please note that the Receivers are not in possession of any Tenancy Agreement and are not collecting rent.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Subject to tenancy.



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 auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers 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 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.