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The Nags Head, 1 Back Street, Saltby, Melton Mowbray, Leicestershire LE14 4RN

Lot no: 48 Auction Event
 

Guide Price £375,000+ plus fees

UnconditionalOn 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 22nd August 2024

9.00am
Key Features
  • Council Tax Band: B
  • Public House and Restaurant
  • Garden / Parking to rear
  • Barn offering potential development STP
  • Beautiful Village Location
  • Stunning 2 Bedroom Apartment above
  • EPC Rating: Awaited
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Mixed Use

Property Description:

A charming mixed use property comprising of a village pub/restaurant, superb two bedroom apartment above and brick barn.

Situated in the heart of the desirable village of Saltby, the pub is centre stage to many village events and is popular with the surrounding community.

There is a main bar and snug to the front, large restaurant to the rear, commercial kitchen, cellar and toilets.

To the first floor is a large two bedroom apartment which has been finished to a high standard and has its own roof terrace.

To the right of the main building is a two storey brick barn which has been formerly used to provide 3-4 letting bedrooms but more recently a function room with its own bar. There is also a large vaulted cellar under the barn which could provide further accommodation/ bar.

Externally, there is a large rear garden with seating area, double garage and gated vehicle access.

The barn may offer scope to develop into a separate dwelling, Air BnB rooms or further commercial uses, subject to relevant permissions.

Internal viewing highly recommended to appreciate the size, condition and scope of the property.

Main Pub:

Main bar, snug, restaurant and commercial kitchen

Barn:

Large Function Room to upper floor. Stores, Toilets, Cellar to lower floor.

Flat:

Landing, lounge, dining kitchen, two double bedrooms, luxury bathroom and WC and roof terrace

Outside:

Rear garden which is mainly laid to gravel with ample seating area, double garage and vehicle access.

Construction Material:

TBC

Broadband:

TBC

Mobile Phone Coverage:

O2, EE and Vodafone available

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Oil
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Driveway, Garage



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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.