Mixed Use
The former London Road Public house with accommodation above located in the extremely popular Spa Town of Buxton nestled within Derbyshires Peak District.
This property offers a wealth of potential and opportunity for an investor. The Pub itself could be retained as a Bar and rented out or even converted to a cafe, shop, tea room or residential accommodation (STPP). Due to the location there are several options which could generate an impressive rental income for the new owner.
The 1st floor is accessed from outside and was previously 2 apartments, more recently converted into 1 x 3 bedroom apartment with lounge, breakfast kitchen and 2 bathrooms. The potential to convert back to 2 apartments is there and these could be rented either on an AST or AirBnB which would see a superb rental income due to the central location.
Open Plan Bar/Dining Area, Lounge / Snug Area, Kitchen Area, Male and Female Toilets, Front and Rear Access
Lounge, 3 Bedrooms, Breakfast kitchen, Bathroom, Shower Room
3 Basement rooms
Construction Material: Sandstone or limestone. Heating: Boiler, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2 and vodafone show as high in this area, and EE and Three as medium. Satellite and Cable - BT and Sky show as available.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
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 Variable 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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
