A substantial freehold public house (5,166 sq.ft. - source EPC) on a site of approx. 0.519 acres, development potential - vacant

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Description/Location

The Prince of Wales Inn is a two storey, 17th Century building located in the village of Holcombe Rogus. The pub is registered as an ACV (Asset of Community Value) and has been added to the local authority list of Community Assets under the Localism Act 2011. The entry is valid for 5 years from 23rd August 2021. However, the 6 month moratorium period which is intended to enable a local nominating group to prepare and submit a bid to the owner to purchase the asset was in force from 16/09/2022 until 16/03/2023 and has now expired. Any subsequent sale will now take place under normal market conditions, unless the seller decides to sell to the nominating group. Planning was passed previously reference 10/01310/FULL now lapsed for the erection of a 2 storey extension. The secondary garden area may offer further development potential, subject to planning.

Tenure

Freehold
EPC rating C

Local Authority

Mid Devon District Council 01884 255255 www.middevon.gov.uk

Viewing

Please contact Charles Darrow Network Auctions on 01626 330022

Accommodation

Ground floor: Main entrance way, snug, lounge bar, games room, restaurant, commercial kitchen, ladies and gents w.c's, skittle alley First floor: Owners accommodation comprising lounge, kitchen, 4 bedrooms, bathroom and w.c., store Outside: Enclosed central beer garden, largely laid to lawn, access to store (with mezzanine level) and garage. Secondary garden, with potential for development (STPP). To the front of the property there is a large car park, with space for 30+ vehicles.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.