*Guide | £120,000 (plus fees)
- Pub
- 3 Bedrooms
- Tenure: Freehold
Call the team on 01752 474200 for more information
Freehold Public House
Situated in the residential area of Devonport, this detached freehold public house is currently trading as the 'King Billy Inn' producing approximately £17,400 per annum. The building comprises a public house on the ground floor with living accommodation to the first floor and a roof terrace to the rear. The building also benefits from a single garage and courtyard to the rear.
Tenure
Freehold
AUCTIONEERS NOTE
There is a 5 year commercial lease in situ (23/09/2024 to 22/09/2029) which is producing an approximate annual income of £17,400PA (£1450pm). We have been informed the seller has agreed a reduction from the 1st July to £1,000pcm. An email exchange (which has been included in the legal pack) confirms the tenant wishes to vacate the property upon sale. We advise prospective purchasers to carry out their own due diligence prior to bidding. The property also has lapsed planning permission for change of use to mixed use, from Class A4 (Drinking Establishments) to Classes A4 (Drinking Establishments) and A5 (Hot-food takeaways). Further information can be found via the local planning website using reference 19/01769/FUL.
FULL DETAILS
Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.
VIEWINGS
Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing.
NOTICE TO BIDDER
Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.
Energy Efficiency Rating (EPC)
Current Rating C68
Local Authority
Plymouth City Council
Solicitors
Wolferstans Solicitors, Ref: Ebenezer Ola, Tel: DL 01752 292325 / 01752 292318
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
