The Victory Public House, School Street Easington Near Durham County Durham SR8 3PR

  • The Victory Public House, School Street<br>Easington<br>Near Durham<br>County Durham<br>SR8 3PR

The Victory Public House, School Street
Easington
Near Durham
County Durham
SR8 3PR

Public House opportunity with residential Potential

  • Public House with 2 bedroom manager's flat
  • Residential conversion potential (Subject to Consents)
  • Prominent corner location
  • Less than 1 mile from Durham Heritage Coast
  • Neighbouring occupiers include Co-Op Food, Boots the Chemist and a mix of independent retailers
  • VAT free investment
  • Lot
    22
  • Auction
    11th February 2021
  • Rent
    £20,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £90,000
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Receivers A B Hughes and J P Smith
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Public House opportunity with residential Potential

  • Public House with 2 bedroom manager's flat
  • Residential conversion potential (Subject to Consents)
  • Prominent corner location
  • Less than 1 mile from Durham Heritage Coast
  • Neighbouring occupiers include Co-Op Food, Boots the Chemist and a mix of independent retailers
  • VAT free investment
  • Lot 22
  • Auction 11th February 2021
  • Rent £20,000 per Annum Exclusive
  • Status Sold
  • Price £90,000
  • Sector
    Leisure
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Receivers A B Hughes and J P Smith

Property Information

Location
Miles
11 miles east of Durham
12 miles south of Sunderland
Roads
A19, A1(M)
Rail
Horden Railway Station
Air
Newcastle International
Situation

Easington Colliery is located approximately 11 miles east of Durham. The property is located in a prominent corner position on School Street, at its junction with Memorial Avenue. Neighbouring occupiers include Co-Op Food, Boots the Chemist and a mix of independent retailers.

Tenure

Freehold.

Location
Miles
11 miles east of Durham
12 miles south of Sunderland
Roads
A19, A1(M)
Rail
Horden Railway Station
Air
Newcastle International
Situation

Easington Colliery is located approximately 11 miles east of Durham. The property is located in a prominent corner position on School Street, at its junction with Memorial Avenue. Neighbouring occupiers include Co-Op Food, Boots the Chemist and a mix of independent retailers.

Tenure

Freehold.

Description

The property comprises a public house on the ground floor with a beer cellar in the basement and a two bedroom manager's flat on the first floor.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Description

The property comprises a public house on the ground floor with a beer cellar in the basement and a two bedroom manager's flat on the first floor.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)		 Tenant Term Rent p.a.x
Ground
First
Basement		 Public House
2 bedroom flat
Cellar
514.23 sq m
147.47 sq m
57.10 sq m
(5,535 sq ft)
(1,588 sq ft)
(614 sq ft)
 ANTHONY
BAKER
(1)		 5 years from
07/11/2017 on a full
repairing and
insuring lease		 £20,000
Total
718.80 sq m
(7,737 sq ft)
     £20,000

(1) The lease is outside of the Security of Tenure provisions of the Landlord & Tenant Act 1954.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
TLT LLP One Redcliff Street
Bristol
BS1 6TP
Philip Collis 0333 006 0285philip.collis@tltsolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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