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Pub for sale

Auckland Terrace, Shildon, County Durham, DL4

Guide Price* £90,000

Property Description

Key features

  • Free of tie public house
  • Vacant possession
  • Popular residential location
  • Planning consent for two bedroom cottage adjacent to the premises.
  • Planning Ref 7/2014/0034/DM
  • Two bedroom flat to first floor
  • Recently refurbished
  • Off Street Parking.
  • Site approximatly 0.16 acres
  • Potential for redevelopment (STP)

Full description

Location
The subject property is located on eastern side of Auckland Terrace in the small town of Shildon in County Durham.

This is an established location, with good access links provided by the A1 to the East, and Durham city centre approximately 13 miles to the north.

Shildon offers a wide range of amenities including various supermarkets, schools and parks. there is also several industrial estates within the area providing a good level of employment.

Description
This currently vacant public house consists of a recently refurbished bar area, smoking area to the rear, 2 bedroom flat above, a childrens play area and a good sized car park.

Planning consent was granted on 30/01/2014 by Durham County Council to convert and extend the garage and storage units to form a new residential unit adjacent to the public house. Planning Ref 7/2014/0034/DM.

Potential redevelopment could include mixed use commercial and residential or demolition and construction of a quantity of residential units (STP).
Services
We understand the property has connections to mains gas, electricity, water & drainage.

Tenure
Freehold

Business Rates
The premises have a current rateable value of 13,000.

*Guide Price
90,000

Development Potential
Prospective purchasers are advised to check with the Durham County Council regarding further potential planning and redevelopment before entering into any contract. The existing planning consent can be found under Planning Ref 7/2014/0034/DM on Durham County council website.


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*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 John Pye Property, Nottingham on 0115 970 6060.


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