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Lot - Former Golden Lion, Lion Place, Sunderland, SR4 0NG Auction Lot £40,000 - Auction Estates

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Nottingham Racecourse


12 December 2019

Lion Place, Sunderland, SR4 0NG

Guide Price: £40,000


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Updated

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 residential or commercial development (STP)
Draft Details Only

Freehold significantly fire damaged former Golden Lion public house and restaurant on a site area of circa 0.18 acres

• 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 a busy pub and Indian restaurant
• Significant fire damage in July 2019
• This building was listed in 1978 (listing revised in 1994)
• Buyers to make own investigations regards to re-development
• Due to fire unconfirmed if listing will effect future development
• Current listing dependant on Conservation Office
• Ideal opportunity for developers

VAT

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

Viewings

At anytime externally from Lion Place.
Strictly no internal access permitted.

Important Notices

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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

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