Lot 34 - Former Pencelli Hotel, Pencai Terrace, Treorchy, CF42 6HL
- Unconditional Online Auction Sale
- Guide Price* : £173,000+
- Bedrooms: 3
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Lot 34 - Former Hotel for Development/Investment
Description
ONLINE AUCTION from 14th MAY-16th MAY
A three storey detached public house with owners accommodation. The public house has been the centre of the community for a number of years and is a multi-award winning establishment. The awards included eight times voted the Mid Glamorgan pub of the year and six times Mid Glamorgan Cider & Perry pub of the year.
The ground floor of the property offers a welcoming, traditional atmosphere with a bar area, lounge, pool room area, commercial kitchen and toilets. To the rear of the property is a beer garden with additional seating and coach house. Subject to the relevant consents the coach house may be suitable for further development.
The first floor of the property was traditionally used as function rooms however has most recently been used as living space. The area is comprised of a large living room, three large function rooms, a kitchen and bathroom with separate WC. Subject to the relevant consents the function rooms may be suitable for use as bedrooms.
The second floor is comprised of three large bedrooms inclusive of large cupboards which may be suitable for conversion into ensuites.
There is a basement comprising of three large rooms inclusive of a cold room/ barrel store.
This property is ready to be reopened as a public house and offers potential for and AirBNB, or residential accommodation on the upper floors. Alternative uses may include but are not limited to a restaurant, gym, hotel or development opportunity.
Location
Situated in the town of Treorchy this property occupied a prominent corner position. The property is easily visible from the A4061 Station Road which is the main thoroughfare through Treorchy. Overlooking Pengelli Bowls Club and Treorchy Park this property boasts scenic views from every window.
Approximately a five minute walk to the centre of the town, the area is known for its bustling high street which achieved high street of the year in the great British High Street Awards of 2019.
The property is well connected to local transport links with local bus routes and Treorchy train station being only a 5 minute walk away.
Treorchy is right on the heart of South Wales, perfectly situated between Cardiff, Swansea, and the Brecon Beacons
Business Rates
Current rateable value is £8,000. The property is classified as ‘Public House and premises'.
Services
Gas, water and electric - not tested.
VAT
Vendor has advised that there is no VAT due on the sale of this property (to be confirmed by a solicitor).
Council Tax Band
A
Tenancies
To be sold with vacant possession
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Legal Documents
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As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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