Herne Road, Ramsey, Cambridgeshire.

A unique development opportunity in the form of a detached public house with adjoining plot of land totalling 1.65 acres.

Although there is no planning permission to hand, the site is considered suitable for residential development and could present a perfect investment opportunity.

Auctioneer Comments and mart

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.

LOCATION

Located in the fenland village of Ramsey St Mary's, Herne Road is approximately mid-way between Peterborough City Centre and Huntingdon Town Centre, both some 11 miles away, and only 3.8 miles from Ramsey Town which hosts a range of independent shops, schools (nursery, primary and secondary), three supermarkets, two medical centres, a dentist and a good selection of pubs, cafes and restaurants. Ramsey is a heritage-rich market town which grew up around its Abbey and, prior to the 12th century, was once one of the most important monastic institutions in England. There are many historical sites around the area worth exploring, including the river that runs beneath the centre of the town after it was covered by the Great Whyte street in 1852. Huntingdon and Peterborough train stations have fast lines into London Kings Cross taking only 45 minutes, and a guided bus from Huntingdon goes straight into Cambridge City.

THE LION 201 HERNE ROAD

The Lion Public House is detached and of brick construction with a slate roof extending to a gross internal floor area of approximately 609 sq/metres / 6555 sq/ft sitting on a plot of 0.15 acres. The Title Number for this plot is CB106182.

ADJOINING LAND

To the rear of the public house is a plot of land measuring 1.24 acres which can be accessed via either side of the public house.

PLANNING HISTORY

Applications under reference 23/01033/FUL | Conversion of public house to 5 No. 2 bedroom flats and 1 No 1 bedroom flat including new bin store and cycle store, parking and landscaping. | The Lion 201 Herne Road Ramsey St Marys were submitted, however withdrawn under Huntingdonshire District Council.

PRE APPLICATION

A pre application submitted to Huntingdonshire District Council dated 2018 is available on request and deports the conversion of the public house to apartments and residential development of the rear land to dwellings. More information available on request.

ADVERTISING HISTORY

The Lion Public House has been available for sale on the open market as a going concern from 27 Apr 2021 to 4 Dec 2023.

RATINGS

The rateable value for the Lion Public House is £8,200.

SERVICES

It is understood that all mains services are available to the site. However, any prospective Purchaser should make their own enquiries.

TENURE

The Tenure of the opportunity his Freehold, with vacant possession on completion.

AGENTS NOTES

These particulars whilst believed to be correct at time of publishing should be used as a guide only. The measurements taken are approximate and supplied as a general guidance to the dimensions, exact measurements should be taken before any furniture or fixtures are purchased. Please note that Oliver James Property Sales and Lettings has not tested the services or any of the appliances at the property and as such we recommend that any interested parties arrange their own survey prior to completing a purchase.

MONEY LAUNDERING REGULATIONS

In order to progress a sale, Oliver James will require proof of identity, address and finance. This can be provided by means of passport or photo driving licence along with a current utility bill or Inland Revenue correspondence. This is necessary for each party in joint purchases and is required by Oliver James to satisfy laws on Money Laundering.