Lot 60 - The Red Lion, Sennybridge, Brecon, LD3 8PH

  • Unconditional Online Auction Sale
  • Guide Price* : £158,000+
  • Bedrooms: 3

Addendum

The property has sold prior to auction.

Lot 60 - Public House for Investment

Description

ONLINE AUCTION from 27th AUGUST-29th AUGUST

A charming well established public house with plenty of character. The property is currently trading and receiving passing trade from locals and the nearby army training centre. The property is currently supplying wet stock as well as food, however there may be potential to increase revenue by expanding the food menu. Subject to the relevant consents, there may be opportunities for a bistro pub, micro brewery or use of the upper floors as an AirBNB.

The ground floor briefly comprises of a bar area with wood burning stove, pool and darts area and a dining area which over looks the river. Located on the first floor is a three bedroomed owners accommodation with kitchen, living room and bathroom.  There is a cellar located to the lower ground floor. 

We have been informed that the property was previously three cottages, therefore subject to the relevant consents the property may be appropriate for development.

Location
Situated in the popular village of Sennybridge, this property is located in a prominent position along the A40 trunk road. Within the Brecon Beacons National Park, the property is within easy reach of local tourist attractions, scenic walks, cycling and pony trekking. The property is ideally located for holiday makers, tourists or day trips 

The area of Sennybridge is well-known for its military history and is home to the third largest army training centre in the UK. 

There are a number of local amenities, including a primary school, doctors surgery, post office, several pubs/restaurants and two petrol stations. The market town of Brecon is only 9 miles away where there is a wider range of shops and amenities. It also has a secondary school, college of further education and Christ College a private boarding school for boys and girls aged 7-18. With good access links Cardiff, Swansea and Hereford are all an hour’s drive and the nearest train station is in Abergavenny which is 20 miles away.

VAT
We have been informed that there is no VAT due on the sale of this property.

Business Rates
Current rateable value is £2,800. The property is classified as 'Public house & premises'.

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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Paul Fosh Auctions
01633 254044

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Debra Bisley

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