The Foresters, 7 Railway Terrace, Stanley Crook, Durham, DL15 9RY
- Unconditional Online Sale
- Bedrooms: 5
- Bathrooms: 5
- Reception Rooms: 3
HOSPITALITY & BUSINESS OPPORTUNITY – 5 BEDROOM B&B, RESTAURANT & BAR, MANAGER’S ACCOMMODATION & APPROX. 350 SQ M.
Description
HOSPITALITY & BUSINESS OPPORTUNITY – 5 BEDROOM B&B, RESTAURANT & BAR, MANAGER’S ACCOMMODATION & APPROX. 350 SQ M.
A substantial hospitality and investment opportunity comprising an established five-bedroom B&B, with all five bedrooms benefiting from en-suite facilities, together with restaurant, bar and manager’s accommodation.
The property extends to approximately 350 sq m and offers considerable scope for an owner-operator, hospitality investor or entrepreneur looking to develop an existing business premises.
The accommodation includes reception/lounge, commercial-style kitchen, dining facilities, five guest bedrooms with en-suites, manager’s accommodation and lower-ground-floor restaurant/bar space previously providing approximately 40–45 covers.
Externally there is a mature garden, rear yard and parking available opposite the property.
BUY IT NOW PRICE of £425,000 + £6,300 INC VAT AUCTION FEES.
The advertised price comprises £275,000 for the building and £150,000 attributed to business goodwill.
Offered via Option A – Unconditional Online Auction Terms.
EPC rating C
For more information, please contact Moovd directly.
Rateable Value £5,300.
Ground Floor -
Hall -
Reception/ Lounge - 4.70m x 4.55m (15'5" x 14'11") -
Kitchen - 4.33m x 4.12m (14'2" x 13'6") -
Utility Room -
Store -
Rear Store - 4.22m x 1.89m (13'10" x 6'2") -
Dining Room - 9.36m x 4.00m (30'8" x 13'1") -
Rear Hall -
Wc -
Wc -
Managers Bedroom - 4.29m x 3.49m (14'0" x 11'5") -
Lounge - 3.16m x 1.86m (10'4" x 6'1") -
Shower Room Wc -
First Floor -
Landing -
Bedroom 1 - 4.39m x 3.90m (14'4" x 12'9") -
En-Suite -
Bedroom 2 - 4.63m x 3.88m (15'2" x 12'8") -
En-Suite -
Bedroom 3 - 4.72m x 3.20m (15'5" x 10'5") -
En-Suite -
Bedroom 4 - 3.48m x 3.15m (11'5" x 10'4") -
En-Suite -
Family Room 1 - 3.95m x 3.07m (12'11" x 10'0" ) -
Family Room 2 - 3.75m x 2.72m (12'3" x 8'11") -
En-Suite -
Lower Ground Floor -
Dining Room - 3.96m x 3.68m (12'11" x 12'0") -
Dining Room - 5.07m x 2.97m (16'7" x 9'8") -
Bar Area - 8.36m x 3.52m (27'5" x 11'6") -
Externally -
Car Park -
IMPORTANT INFORMATION FOR BUYERS
Moovd Online Property Auctions work in partnership with letting/ estate agents and act as the Auctioneer throughout the sale process. Buyers should establish which auction method applies to the particular lot before making an offer or placing a bid.
OPTION A - UNCONDITIONAL ONLINE AUCTION (Traditional Auction)
Where a lot is offered by Option A - Unconditional Online Auction, the fall of the electronic gavel creates a legally binding contract between the seller and the successful buyer, subject to the applicable auction terms, Legal Pack and Special Conditions of Sale. The successful buyer is legally committed to the purchase and must complete within the period stated in the legal documentation. This is commonly 20 business days, but buyers must rely on the period specified for the individual lot.
The successful buyer will also be required to pay any reservation deposit, buyer's administration fee or other sums stated in the auction terms, property particulars, Legal Pack or Special Conditions of Sale. Buyers should have finance and professional advice in place before bidding. A failure to obtain finance after becoming legally bound will not, of itself, release a buyer from the contract.
For Moovd Unconditional Auction lots, the buyer is required to pay a non-refundable Administration Fee of £3,000 including VAT (£2,500 + VAT) and a Reservation Deposit of 10% of the purchase price, subject to a minimum of £5,000 or whatever is greater, or where those sums are stated as applicable to the lot.
Any additional seller charges or other fees will be identified in the Legal Pack and/or Special Conditions of Sale.
Buyers are deemed to bid in full knowledge of the above. Buyers must take their own advice on the tax treatment of fees, including SDLT.
Rateable Value £5,300
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Joint Agent
Agreement Documents
- Option A - Moovd General Terms & Conditions – Online Unconditional Auction
- Option A - Moovd Amendments to Common Auction Conditions – Online Unconditional Auction
- Option A - Moovd Common Auction Conditions– Online Unconditional Auction
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