Mixed Use
An investment / development site in a highly sought after residential location. This property offers great potential for a forward thinking investor. The property could be retained and let out again as a public house, it also has the option subject to any necessary planning consents to be converted into apartments or possibly houses.
The property is a public house with accommodation over three floors.
The pub measures 345 squarer metres on a Gross Internal Area basis. There are two bar
areas, games room (has also been used as a restaurant area) with toilets, utility area and kitchen. The pub is currently rented and trading, but will be sold with vacant possession.
There is a two bedroom flat to the first floor, which is vacant.
Also there is an additional function room, with toilets and a store room.
Externally there is parking to the side and a rear garden and yard. The site area is approximately 1,070 sqm or 0.25 acres.
Construction Material: TBC. Heating: Gas and Open Fire with Wood Burner. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.
We have been advised by the seller the property is being sold with fixtures, fittings and furniture included. Please refer to the legal pack for further information.
Freehold. Vacant possession upon completion.
- Heating Supply: Gas
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Off Street
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 (subject to a minimum of £6,000 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.
