Sold Prior for £275,000.

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A vacant freehold public house (3400 sq ft, source EPC) with accommodation on 3 floors occupying a corner site of 0.25 acres with development potential.

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Description/Location

The property is situated in a predominantly residential location and is not listed. The car park and garden could accommodate new residential dwellings, the existing building provides potential for existing and alternative commercial use or could be converted / demolished for further residential development - all subject to planning.

VAT IS APPLICABLE TO THIS LOT

Tenure

Freehold, vacant possession.

Local Authority

Medway Council 01634 306000

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Ground Floor: Large open plan bar, function room, trade kitchen. First Floor and attic rooms Managers flat. Outside: Trade gardens and car park. Energy Rating : C/53.

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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.