New Inn, Salop Street

For Sale £300,000

7 bedroom Commercial Property

Property Description

Online auction date: 28 September 2021. Bidding opens at 9:00am and closes at 12:00noon. By TOWN AND COUNTRY PROPERTY AUCTIONS LONDON -https://www.townandcountrypropertyauctions.co.uk/london/


  The property is situated directly opposite a new leisure complex development with investment of circa £55 million.
The subject property offers scope for development or conversion subject to planning consent.
In its current state the property has been operating as a nightclub (with large function room), bar, restaurant, and with 7 letting rooms accommodation to the upper part. To the rear is access to the cellar and owners parking which is currently used as a smoking area.
Suitable for alternate use (STPP)
VAT is payable on the purchase price.

EPC Rating - see legal pack

FOR SALE BY ONLINE AUCTION ON 27TH SEPTEMBER 2021 – BIDDING OPENS AT 9:00AM AND CLOSES AT 12:00 NOON.
All bidders must register beforehand by clicking ‘Log in / register to bid’ and following the prompts.
Bidding is also available by way of telephone and proxy. 
Please note that wherever possible viewings will be by virtual tour.  Any viewings that we do conduct in person will follow current Government guidelines.
For further information please contact our auction team on 02030 111499.

Exchange and administration fee information:  (plus fees)
Buyers Admin Fee Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyer's Admin Fee of £900 inc VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges. These may include, but are not limited to, Value Added Tax (VAT), Stamp Duty, ground rents, rent arrears/apportionment of rent, outstanding service charges, sellers search costs/disbursements, reimbursements of sellers solicitors, auctioneer costs, buyer’s premiums or reservation fees.
Share this property: