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The Surtees Arms, Chilton Lane, Ferryhill Station

Guide Price* £160,000

Property Description

Full description

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance A well established Public House dating from 1872. The business is renowned for its real ales and was the Durham CAMRA real ale pub of the year for 2010 and 2011. The adjoining micro brewery, established in 2008 supplies 'Yard of Ale' beer to local businesses throughout the region.
The premises occupy a corner site on a main through road and comprises; a bar, lounge, dining room, first floor function room, two bedroomed living accomodation, fully fitted kitchen with Baine Marie cookers, fryers and refridgerators with a fully equiped micro brewery to the rear.

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Disclaimer - Property reference 26572723. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Peter Clark Property Services, Ferry Hill, County Durham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Peter Clark Property Services, Ferry Hill, County Durham on 01740 657777.


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