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Please note: The guide price and reserve price have been reduced.
ONLINE AUCTION from 30th JANUARY-1st FEBRUARY
A Grade II listed building previously used as a restaurant/bar with two bed accommodation above. The property is in need of refurbishment but subject to the necessary planning consents may be suitable for development.
We have been advised that the property previously was a 50 + seat restaurant with two bed owners accommodation.
The property comprises to the ground floor, front bar, rear seating area and kitchen with stairs leading to the dining room and WC's. Additional living accommodation comprises of lounge, bathroom and two bedrooms rooms.
We have been advised that the property also has an A3 licence and was also previously a licenced premises.
The property is situated in the popular market town of Ross on Wye. The area is well sought after and is a popular location for home owners, tenants as well commercial occupiers. Located in a central location just off of the main shopping thoroughfare, this property is ideally situated. The property is surrounded by local and national retailers including, but not limited to, Coffee #1, Santander bank, Natwest and the Edinburgh Woollen Mill.
The property benefits from electric and water (not tested).
Current rateable value is £8,600. The property is classified as ‘Cafe and premises'.
To be sold with vacant possession
Advised Freehold - to be verified by solicitor
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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