Lot 4 - Former Wheatsheaf Inn, 13 Front Street, Leadgate, Durham, DH8 7SA
- Unconditional Online Auction Sale
- Guide Price* : 35,000
Former Public House in a prominent position
Description
The Wheatsheaf Inn is a former Public House which is in a prominent position on Front Street in Leadgate. Although the property now requires a full refurbishment throughout it does offer spacious lounge and bar areas to the ground floor with some storage and also Ladies and Gents WC’s.
The first floor of the property offers spacious living accommodation providing a kitchen/dining area, living room, two bedrooms, a main shower room and an en-suite bathroom to the second bedroom.
Externally the property appears to be of traditional solid wall design and construction under a pitched roof which is covered with slate.
To the rear of the property there is a small yard area.
Please note that the property does require a full refurbishment.
ACCOMMODATION
GROUND FLOOR
MAIN BAR AREA, inc storage cupboard
LADIES WC
GENTS WC
LOWER GROUND FLOOR
BASEMENT
Unable to access at the time of the property appraisal
FIRST FLOOR
KITCHEN 20'0" x 11'1"
LIVING ROOM 14'1" x 15'1"
BEDROOM ONE 11'9" x 11'1"
BEDROOM TWO 9'6" x 12'9"
EN-SUITE off Bed 2 9'10" x 5'2"
SHOWER ROOM 2'11" x 10'9"
OUTSIDE To the rear of the property there is a small yard area.
AUCTION INFORMATION
To be offered as an Online auction via our Boultons website (Registration to open 7 days prior to close date). Auction opening Wednesday 26th February at 1.30pm closing Thursday 27th February at 1.30pm.
Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction. *Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.*
CONTRACT INFORMATION
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
COMPLETION DATE
The completion date as per the Common Auction Conditions is 20 business days from the fall of the electronic hammer.
GUIDE PRICE
*GUIDE PRICE: This is an estimate of the likely range of selling price and is set at the commencement of marketing. The guide price may change during the marketing period. RESERVE PRICE: This is agreed with the Auctioneer prior to the auction and will not be disclosed to the public. The reserve price is the lowest figure at which the property is available for sale at the auction. If the lot is not sold at the auction then the property may be available for sale afterwards at a higher or lower figure. See the online listing for a full explanation.
VIEWING ARRANGEMENTS
Block auction viewing, date to be confirmed.
COUNCIL TAX
TBA
TENURE
To be confirmed by the vendors legal representatives. A legal pack will be available prior to the auction date and you or your legal representatives must inspect it before bidding.
HOLDING FEE
£300 of your holding deposit fee will be used to cover banking costs and does not contribute towards your deposit.
* 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.
Loading the bidding panel...
Agreement Documents
Additional Documents
Share
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.