Restaurant
Comprising a former restaurant, which has been partially divided into three separate units, together with a residential flat.
Benefits from a large car park, subject to a management agreement and adjoining land.
A substantial building offering approximately 551 sqm (5,500 sqft) of accommodation and standing on a plot of 2.5 acres.
Situated in an elevated position with some of the best views in Wales and located directly on the A494 with an abundance of passing trade. Clwyd Gate Manor, an events and holiday venue, is adjacent, whilst there are various holiday & caravan parks in the valley
Ruthin is an attractive town and community within the south of the Vale of Clwyd in an area of outstanding natural beauty, approximately 19 miles west of Chester and within three miles of Ruthin.
An ideal potential investment with potential of letting of four units along with scope for alternative uses on the surrounding land (subject to planning permission). Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Please be advised that key information regarding Water supply, Electricity supply, Sewerage arrangements, Heating supply and room measurements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Standard - 1 mbps and Ultrafast - 1000 mbps available.
O2, EE, Three and Vodafone available.
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.
