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Former Public House, 52 Barras Green, Barras Heath, Coventry, West Midlands CV2 4LY

Guide Price: £238,000 +
Auction Thursday 3rd Feb 2022 6.30pm
www.eigpropertyauctions.co.uk/live-stream/auctions/loveitts
Auction starts at 6:30pm

Description

  • 2 Bedrooms
  • 1 Bathrooms

*** CAN BE SOLD PRIOR ***

**LIVESTREAM, ONLINE AUCTION**

To be sold via unconditional ONLINE Auction on Thursday 3rd February 2022 at 6:30 pm

To view legal pack and to register to bid please visit our website


GUIDE PRICE: £238,000 +


This will be a Livestream auction. Bidding will be available by either telephone, proxy or online bidding. If you wish to bid, please follow the link below to register online.

passport.eigroup.co.uk/bidder-registration/loveitts

*** CAN BE SOLD PRIOR ***

Unique opportunity. Tenanted former public house, currently trading as a restaurant plus 2/3 bedroom flat above. Popular location with great potential, subject to consents.

Current rent payable £24,000 p.a. (Please see legal pack for further information)



LOCATION
Positioned on the corner of Barras Heath and Coventry Street, the property is located less than half a mile from Ball Hill

ACCOMMODATION
Being semi-detached, the property is occupied on the ground floor by a Turkish Restaurant, with bar, seating areas, kitchen and stores. To the first floor is a self contained flat. Outside is a parking area for several cars, courtyard to the rear and alfresco dining area with decking and covered seating area.

EPC RATING - C


TENURE
Freehold subject to Lease.

LEASE INFORMATION
Term of Lease: 7 years from 31st January 2020
Rent payable: (Year 2 and 3) £24,000 p.a. (plus VAT)
See legal pack for further information.

ADDITIONAL COSTS
Administration Fee: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs.

NOTE
We understand from the sellers solicitor that VAT will not be payable on the purchase,as the sale will be a "Transfer as a going concern" providing that the buyer makes a VAT election before completion and complies with Auction Special Conditions G15.4, otherwise VAT will be payable.

The Auctioneers advise all bidders to take independent advice.

Key Facts

Local Livestream Auction Unique Investment Opportunity Former Public House Accommodation above
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