Next auction Thursday 20th June 2.30PM

The Golden Lion, Lion Place, Sunderland, SR4 0NG



Sold
£75,000
Sold
£75,000
Sold
£75,000
Sold
£75,000
Sold
£75,000
Guide price

£55,000+


Property Type

Commercial


Key Features

  • Freehold fire damaged former Golden Lion pub and restaurant
  • Located overlooking the River Wear, approximately 4.2 miles west of Sunderland City Centre
  • Suitable for a wide variety of uses including residential STP

Part of the 20 October 2022 auction
The Nottingham Racecourse at 2.30PM

Freehold, significantly fire damaged former Golden Lion public house and restaurant on a site area of circa 0.18 acres being offered with vacant possession and all listings removed

  • Freehold fire damaged former Golden Lion pub and restaurant
  • Located overlooking the River Wear
  • Approximately 4.2 miles west of Sunderland City Centre
  • In need of full redevelopment
  • Suitable for residential or commercial development (STP)
  • Previously busy pub and restaurant
  • Significant fire damage in July 2019
  • No longer Grade II listed building
  • The listing has been fully removed from the property
  • Buyer to make own investigations in regards to re-development
  • Drawings provided are for illustration purposes only
  • Feasibility Study has been undertaken for a block of 32 flats
  • Ideal opportunity for developers
  • Not inspected by Auction Estates

Anytime externally from Lion Place. Strictly no internal access permitted.

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 with vacant possession

Refer to Legal Pack

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