High Street, Alcester

For Sale By Public Auction

A freehold development opportunity in the heart of the historic town of Alcester.

The Grade II listed former public house known as The Three Tuns has enormous potential, situated on the popular high street of Alcester. The Three Tuns sustained significant fire damage in 2021. The building is now ripe for redevelopment with listed building consent approved, subject to some conditions for reinstatement works after the fire damage. The full application can be found on the Stratford-upon-Avon e-planning system reference: 23/01357/FUL

Alcester is a popular market town offering a range of local amenities, such as national retailers including Specsavers and Superdrug. The town sits approximately eight miles from Stratford-upon-Avon, famous as the birthplace of William Shakespeare, and home to the Royal Shakespeare Theatre and attracts almost four million visitors a year. Stratford-upon-Avon is also a prosperous riverside market town with fine restaurants and pubs, a good choice of schools and excellent sporting and recreational amenities. The town is ideally placed for access to the M40, other major road and rail networks, and Birmingham International Airport.

Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 7th May at 6.00 pm
Hinckley Golf Club

Viewings - The property has been extensively damaged so internal inspections are not possible due to health and safety considerations, however, we will be happy to arrange a site visit through the Auction department by appointment only.

Auction Terms - The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.

The sale of this property will take place on the stated date by way of a live public auction event and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.

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

Auction Deposit And Fees - The following deposits and non-refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1,500 inc. VAT

There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.

Guide Price & Reserve Price - The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).

Plans - Plans shown are for identification purposes only.

Services - The agent understands that mains gas, water, drainage, electricity are connected to the property. Interested parties are advised to make their own enquiries and investigations before finalising their offer to purchase.

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Tenure And Possession - The property and land are freehold. Vacant possession will be given upon completion which is normally 20 working days after the auction. Please refer to the Legal Pack for further details.

Bidder Registration And Auction Legal Pack - If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/

You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk

The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.

If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account.

Legal Documents & Additional Costs - It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.