The Spotted Cow, 179 Bell Lane, Bury, Lancashire, BL9 6DF

Lot Image

Auction sale - Monday 13th July 2015

Result:

Sold for £189,000.

  • Freehold public house investment
  • Let to Malthouse Inns Plc until 2024 (approximately 9 years unexpired)
  • Current rent £25,800 per annum

Addendum

There are rent arrears that will not be collected by the Vendor.
Please note the property is being sold as a long leasehold for a term of 988 years from 01/05/1772 with a nominal ground rent – please refer to the legal pack.
Completion will be 10 August.
The Schedule of Floor areas within the catalogue is incorrect and should read as follows:
Sq m Sq ft
Ground Floor Licensed 73 786
Ground Floor Gross 123 1,324
Cellar 22 236
Living Quarters 94 1,012
TOTAL 239 2,572



Details

Location

Bury, with a population of approximately 60,718, is located 8 miles north of Manchester, 6 miles east of Bolton and 6 miles west of Rochdale. The town benefits from good road communications, being situated one mile west of the M66 Motorway (Junction 2), which in turn leads to the M62 Motorway, 4 miles to the south. The property is situated just to the east of the town centre on the north side of Bell Lane (B6222), opposite the junction with Pine Street North, in a mainly residential area.

Description

The property comprises a two storey public house of traditional construction beneath a pitched slate covered roof. There is a ground floor bar, pool room and residential accommodation above. There is off street parking and a large rear pub garden.

Tenure

Freehold.

Planning Authority

Bury Council (0161 253 5000) www.bury.gov.uk.

VAT

VAT is not applicable to this lot.

Energy Performance Certificate

For EPC Rating please see website.

Address Tenant Floor Use Sq M Sq Ft Lease terms Rent £ pa
TOTAL £25,800
The Spotted Cow Malthouse Inns plc Ground First Public house Bar, pool room & WCs Residential 25 years from 01/09/1999 £25,800

Contact

Seller's solicitor

Penningtons Manches LLP

Chris Grey

020 7457 3089

chris.grey@penningtons.co.uk

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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