Lot 13 - The Three Horseshoes Inn, 21 Drybridge Street, Monmouth, NP25 5AD

  • Unconditional Online Auction Sale
  • Guide Price* : £230,000+
  • Bedrooms: 0

Lot 13 - Development Opportunity

Description

ONLINE AUCTION from 16th MAY-18th MAY

A former pub set in circa 0.25 acres with parking area and extensive gardens with river frontage. The property is offered with planning consent comprising an A1 commercial unit to the ground floor and 4 self-contained apartments to the first floor.

The Three Horseshoes Inn is grade II listed and is located on Drybridge Street which is within walking distance of the town centre and offers easy access to the A40.

Planning consent has been achieved under Planning Application Numbers DM/2018/00669 dated 22nd June 2018 for change of use of ground floor of public house (Use Class A3) to beauty and hair salon (A1) and DM/2018/01491 dated 20th July 2020 for conversion and extension of first floor to provide four self-contained flats. Ground floor extension to provide double garage and external parking in the garden area. Some work has been undertaken and signed off, ensuring planning is live.

Monmouth boasts excellent schools, boutique shops and restaurants. The River Wye runs through Monmouth and is a popular tourist attraction offering canoeing, kayaking and rowing.

VIRTUAL TOUR

Accommodation

Lower Ground Floor: Cellar
Ground Floor: Lobby, 2 former bars, female wc & gents wc, shower room/wc, utility, kitchen, store room, meeting room
First Floor: Function hall, former flat area
Outside: Gardens, car parking area

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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Paul Fosh Auctions
01633 254044

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