The Golden Lion Public House, 19 Sheep Street, Wellingborough NN8 1BL

For sale on 23 October 2024
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
The auction will commence at 09:00.

On the instructions of the Joint LPA Receivers.

Business Unaffected.

A freehold investment opportunity comprising a Public House trading as Ye Golden Lion located along Sheep Street Wellingborough.

The property comprises a two storey grade two listed detached building set back from Sheep Street benefiting from a prominent position within the Town Centre close to the entrance for the Swansgate Shopping centre and close to bus and rail links.

The property is held on a lease dated 07 February 2024 with tenant being SMF Pubs Limited on a term of 10 years with expiry date 28th February 2033. Current rent passing is £30,000pa.

Interested parties are advised to inspect the legal pack for more information in regards the lease and the property prior to bidding.

Note Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure: Freehold

EPC Rating: Exempt

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must 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 SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

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.