No longer on the market
This property is no longer on the market
MapProperty
Auction
Property
Features and description
- Underthehammer.com
- Mixed use investment
- Freehold
For Sale by under the hammer online auction. Tuesday 2nd - 4th April 2024. A substantial freehold mixed use investment property with three self contained flats. Guide Price £335,000.
VIEWING DAYS & TIME:
Please enquire for viewing availability.
A RARE opportunity to acquire a freehold mixed use premises consisting of an established traditional pub on the ground floor.
Overall income is £35,280PA with scope to increase.
Ground Floor:
Commercial let to Bottlecraft Ltd at £15,000pa on a 5 year full repairing and insuring lease from November 2021.
The tenant is responsible for payment of any business rate liability where applicable.
Bar area: 1,458 sq ft
Cellar/WC x 2
Upstairs
benefits from three modern one bedroom apartments, having a separate entrance and individual metres. The building is positioned in a great location in Newcastle-under-Lymes Iron Market.
Flat 1 is let at £550pcm from 16/02/23 on a 12 month AST
Flat 2 is let at £550pcm from 17/02/23 on a 12 month AST
Flat 3 is let at £590pcm from 24/02/23 on a 12 month AST.
Please see legal pack for all tenancies.
Flat 1, first floor
Lounge/kitchen 186 sq ft
Shower room 32 sq ft
Bedroom 173 sq ft Total: 391 sq ft
Flat 2, first floor
Lounge/kitchen 172 sq ft
Shower room 36 sq ft
Bedroom 105 sq ft Total 313 sq ft
Flat 3, second floor
Lounge 98 sq ft
Kitchen 54 sq ft
Bedroom 140 sq ft
Shower room 21 sq ft Total 313 sq ft
Total NIA: 2,475 sq ft
EPC - E
Council Tax - A
EPC - D (100)
Council Tax - A
Please note that the completion date for this property will not be effected by the Christmas period.
BIDDING
For bidding please visit: underthehammer. com
*START PRICES & RESERVE PRICES
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
EPC
EPCs can be viewed in full on our website underthehammer. com on the sales details page or in the legal pack.
UNCONDITIONAL AUCTION DETAILS
Contracts are exchanged immediate at the end of the auction and a 5% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.
Completion will be 8 weeks. (56 days)
Every buyer must first create an account at underthehammer. com Remote bidding facilities are also available, contact the auction office for further details.
FULL TERMS & LEGAL DOCUMENTATION
Available at underthehammer. com
VIEWING DAYS & TIME:
Please enquire for viewing availability.
A RARE opportunity to acquire a freehold mixed use premises consisting of an established traditional pub on the ground floor.
Overall income is £35,280PA with scope to increase.
Ground Floor:
Commercial let to Bottlecraft Ltd at £15,000pa on a 5 year full repairing and insuring lease from November 2021.
The tenant is responsible for payment of any business rate liability where applicable.
Bar area: 1,458 sq ft
Cellar/WC x 2
Upstairs
benefits from three modern one bedroom apartments, having a separate entrance and individual metres. The building is positioned in a great location in Newcastle-under-Lymes Iron Market.
Flat 1 is let at £550pcm from 16/02/23 on a 12 month AST
Flat 2 is let at £550pcm from 17/02/23 on a 12 month AST
Flat 3 is let at £590pcm from 24/02/23 on a 12 month AST.
Please see legal pack for all tenancies.
Flat 1, first floor
Lounge/kitchen 186 sq ft
Shower room 32 sq ft
Bedroom 173 sq ft Total: 391 sq ft
Flat 2, first floor
Lounge/kitchen 172 sq ft
Shower room 36 sq ft
Bedroom 105 sq ft Total 313 sq ft
Flat 3, second floor
Lounge 98 sq ft
Kitchen 54 sq ft
Bedroom 140 sq ft
Shower room 21 sq ft Total 313 sq ft
Total NIA: 2,475 sq ft
EPC - E
Council Tax - A
EPC - D (100)
Council Tax - A
Please note that the completion date for this property will not be effected by the Christmas period.
BIDDING
For bidding please visit: underthehammer. com
*START PRICES & RESERVE PRICES
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
EPC
EPCs can be viewed in full on our website underthehammer. com on the sales details page or in the legal pack.
UNCONDITIONAL AUCTION DETAILS
Contracts are exchanged immediate at the end of the auction and a 5% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.
Completion will be 8 weeks. (56 days)
Every buyer must first create an account at underthehammer. com Remote bidding facilities are also available, contact the auction office for further details.
FULL TERMS & LEGAL DOCUMENTATION
Available at underthehammer. com
About this agent
Royal Estates are one of Birmingham's number one residential and commercial property specialists. From 2006 Royal Estates has earned a reputation as one of the most innovative and well known independent estate agents through Birmingham, Sandwell and its surrounding areas. We know our business and the property market like no one else and every year we help thousands of clients and customers buy, sell, let, rent and manage their homes and investments. We appreciate the importance of developing long-term relationships with each of our clients. We understand that every area, every property and each individual client is different and that one size doesn't fit all, so while many agents focus purely on their sales processes, exceptional agencies like Royal Estates also focus on people and on delivering a truly excellent service to each and every one of its clients. That is why we employ some of the most experienced and most qualified agents in the industry and have our services regularly recognised. We are not your typical estate agent and over the years we have demonstrated how we like to challenge tradition and improve the way the industry operates in response to consumer needs. We are known for our unique and comprehensive marketing, including our famous fleet of branded smart cars, dynamic café-style office, and our opulent property movies. Innovation is key to every area of our business and we are committed to delivering excellent service and exceeding our client's expectations. Our team of diligent and trustworthy professionals has worked to create and maintain a business that strives to provide innovative real estate solutions to its clients at a local, national and international level. Royal Estates of Birmingham provide a professional service for corporate and private landlords. Royal Estates has been successfully selling property for many years. Networking our offices and benefiting from being located on busy high street positions, we offer clients expert knowledge of the local area and additional selling services. Royal Estates is owned and run by two local brothers and landlords, who are dedicated to providing the very best property services with expertise including Sales, Lettings, Property Management, Commercial & Investment Properties. If you are looking for a company to serve you with commitment, passion and energy; an agency that can combine local expertise with an international reach; and a knowledgeable, experienced team that you will enjoy working with and can trust, choose Royal Estates.