Pub
The property comprises a two storey end of terraced building with a pitched tiled roof and off street parking for two cars to the side via a gated entrance. The property benefits from A4 use classification.
The ground floor comprises traditional entrance with access to the Lounge to the left and the Bar to the right. Both areas upon inspection were of good interior condition with the Pub trading just a few weeks prior to inspection.
The cellar is accessed via a hatch at the bar and appeared in good condition with modern equipment in place.
To the rear of the property is access to a bear garden, Male and Female WCs and stairs leading to the first floor.
We have been verbally advised that fixtures and fittings will remain upon completion.
Bar side seating area approx. 270 sq.ft (25 sq.m)
Lounge area approx. 317 sq.ft (30 sq.m)
The first floor accommodation is accessed via a staircase leading to a hallway. It appears to have been recently plastered and finished to good standard with modern looking double glazed windows and boiler in place.
The accommodation comprises -
Leading to -
With access to Loft.
There is a gated drive to the side beer garden and rear stores not inspected.
We feel the premises would be suitable for conversion into apartments by removing the bar and creating two self-contained units or an HMO development subject to appropriate planning consent.
The property fronts Vincent Street close to the junction with Birch Street within an area of predominantly residential accommodation. Parking is available along Vincent Street. The area is a short distance from Hanley.
We understand that VAT will not be chargeable on this transaction.
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.
