Westgate, Sleaford, Lincolnshire, NG34

For Sale by the Modern Method of Auction - T & Cs Apply

The property comprises the former Marquis of Granby Public House which has been closed for a number of years and is in the process of being refurbished into residential accommodation. The original two storey premises is of brick construction with rendered elevations under a multi pitched slate roof and benefits from single storey extensions of similar construction to the rear. The Property provides trade and ancillary storage areas at ground floor level with managers accommodation above. There is a yard to the rear.

BUYING CONDITIONS

This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, Iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

BUYERS INFORMATION PACK

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Location

The property is situated in a mixed commercial and residential area within walking distance of the market place and town centre. Sleaford is a market town and civil parish in the North Kesteven district of Lincolnshire. The town is 11 miles (18 kilometres) north-east of Grantham, 16 mi (26 km) west of Boston, and 17 mi (27 km) south of Lincoln. Its population of 17,671 at the 2011 Census made it the largest settlement in the North Kesteven district; it is the district's administrative centre. Bypassed by the A17 and the A15, it is linked to Lincoln, Newark, Peterborough, Grantham and Kings Lynn.

ACCOMMODATION

The property is arranged over 2 floors and has an overall floor area of 235 sqm (2529.54 sq.ft) as confirmed by the EPC survey.

PLANNING

The property has planning permission for the change of use of the existing public house from Sui Generis to create 4 no guest rooms (class C1) and retention of first floor flat (Class C1) application number 22/1028/FUL. Approved decision on the 29th March 2023.

SERVICES

All mains services are connected to the property however no services have been tested

TENURE

The property is to be sold freehold with vacant possession

RATEABLE VALUE

The property has a rateable value of £4000 as from the 1st April 2023

CEPC

The property has an EPC of B-49, however this has expired and an updated one has been ordered

LEGAL COSTS

Each party are responsible for their own legal costs

VAT

The price is exclusive of VAT which will be charged in addition to the purchase price.

LOCAL AUTHORITY

North Kesteven District Council District Council Offices Kesteven StreetSleaford NG34 7EFTel:

VIEWINGS

Contact Pygott & Crone Commercial 36a Silver StreetLincoln LN2 1EW Tel