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NEXT AUCTION - THURSDAY 14TH OCTOBER 2.30PM - Click here to view

Lot - The Roaring Meg, 117 Barnby Gate, Newark, NG24 1QZ Auction Lot £150,000+ - Auction Estates

Next Auction

The Nottingham Racecourse


14 October 2021

117 Barnby Gate, Newark, NG24 1QZ

Guide Price: £150,000+


Sold
£202,000

Key Features

  • Substantial freehold two storey public house with managers accommodation
  • Boasting a total floor area of 3,755 sq ft in the heart of Newark
  • Suitable for a wide variety of uses subject to the necessary consents
Draft Details Only

Substantial freehold two storey public house with managers accommodation boasting a total floor area of 3,755 sq ft in the heart of Newark.

• Within an established residential area
• Situated south of the Newark Town Centre
• A short walk from Newark's Royal Market Place
• Occupying a prominent corner position opposite Co-op
• On the corner of Barnby Gate and Cross Street
• GF: Public Bar - 632 sq ft
• GF: Lounge/ Lounge Bar - 756 sq ft
• GF: Kitchen and Food Prep - 505 sq ft
• GF: W/C's and Cellars
• FF: Function Rooms & W/C's - 1,033 sq ft
• FF: Office - 207 sq ft
• FF: Managers Living Accommodation - 822 sq ft
• Total net floor area circa 3,755 sq ft
• Not measured by Auction Estates
• Scope for residential development subject to consents

VAT

Interested parties should refer to the Special Conditions of Sale for confirmation of whether VAT is applicable to the sale price.

Viewings

Please contact Auction Estates on 0115 7844 600.

Important Notices

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased.

The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold subject to existing lease from August 2016 to 2023 at a rent reserved of £30,000 pa. Mutual Landlord and Tenant Break Clause at anytime with 3 months written notice.

Refer to Legal Pack

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