White Horse Inn, Church Road, Soudley, Cinderford, Gloucestershire, GL14 2UA

Interested parties should contact Knight Frank Auctions for further information.

Description
The White Horse Inn is situated in a popular and sought after semi-rural village location. It comprises a detached two-storey building, together with Stores, parking area and gardens. Knight Frank have not inspected the property however we understand it is arranged as a public house the on ground floor (approximately 180.49 sq m (1,943 sq ft)) (1), together with 3-bedroom living accommodation (approximately 73.74 sq m (794 sq ft)) (1) to the first floor.
(1) Areas provided by the vendor

Externally, the property benefits from a small yard which provides access to the cellar, a separate parcel of land for parking, together with a garden area.

Tenancy
The property is subject to lease for a term of 10 years from 2014 (thus the tenant is holding over). The passing rent £16,457 per annum.

Site area
0.149 hectare (0.369 acres)

Services
We understand that the property is connected to all mains services gas, electricity, drainage and water.

The properties, land and/or car park may offer development potential, subject to any leases and obtaining the requisite consents. Interested parties are advised to rely on their own enquiries.

VAT
Not applicable

Location
The property is located in the village of Soudley, a predominately a residential area within The Forest of Dean District Council and in the Gloucestershire County Council, approximately 12 miles to the southwest of Gloucester.

Soudley is a small village which lies a short distance west of the town of Cinderford within the Forest of Dean, Gloucestershire. Soudley is a popular destination for tourists visiting the Forest of Dean, largely due to its proximity to the Dean Heritage Centre, but also because the local scenery and the village's location; nestled into a tight valley.

The M50 motorway, which connects the M5 with South Wales, is located approximately 10 miles to the north of the property. By road, the property is located approximately 15 miles southwest of Gloucester, 33 miles north of Bristol, 46 miles northeast of Cardiff, 77 miles southwest of Birmingham and 118 miles west of London.

Lydney railway station is situated approximately 6 miles to the south of the Property. From Lydney there are direct services to Gloucester (23 mins), Cardiff Central (56 mins) and Birmingham New Street (1 hour 25 mins).

The property is located on Church Street at its junction with Lower Street and is immediately bounded by mainly residential properties in most directions with a primary school a short distance to the north east and the village a similar distance to the south of the property.

Occupancy
Tenanted

The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions website.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.