Lot 3 - The Kingfisher Inn, 14 Crown Street, Cockermouth, Cumbria, CA13 0EH
- Unconditional Online Auction Sale
- Guide Price* : £125,000-£140,000
Addendum
VAT at the prevailing rate will be payable on 88% of the purchase price, unless the purchaser intends to convert the buildings (or part of the buildings) at the Property with a view to them being used as a number of dwellings or solely for residential purposes and they must have prior to the date of exchange provided to the Seller a certificate in form VAT1614D to dis-apply the option to tax. Please see Special Conditions for Full details. Allerdale Council have contacted us to indicate that some of the windows on the front elevation at first floor level may not be in keeping with the requirements of the conservation area and the top opening windows on the front of the property may need to be replaced with with wooden sliding sash windows. No enforcement action has commenced as yet but the Council will seek to contact any new purchaser to rectify this breach. The Seller has informed us that they have have the four replacement windows for the ones that are subject to the potential enforcement action. They are happy to agree with the purchaser that we will have them delivered to site prior to completion, but not fitted.
Public house with development potential STP on a site approximately 827 sq m (989 sq yds) with total internal accommodation 206 sq m (2,217 sq ft)
Description
Public house to be offered with vacant possession, with adjacent car park and land. The property may also present a development opportunity subject to obtaining the necessary consents. The property is two storey and semi-detached with detached outbuildings at the rear.
There is a public bar at the front of the property, with attractive wooden ceiling beams in an predominantly open plan area. To the rear of this is another seating area, with adjacent commercial kitchen and a further food storage and preparation area at the rear of the property, together with ladies and gents WCs.
At first floor level is 4 Bedroom living accommodation, with access both from the bar area and a separate external entrance at the rear of the the ground floor.
Location
The property lies on the edge of the town centre, in a mainly residential area with the river Derwent to the north. Crown Street benefits from being on the main route into the town from the northwest, from Low Road and Gote Road which link to the A66 and A595 respectively. Cockermouth lies just outside of the northwestern boundary of the Lake District National Park, approximately 25 miles from Carlisle.
Tenure
The property is held on two long leasehold interests by way of a lease dated 13th August 1754 term of 1000 years and a lease dated 26th July 1785 for a term of 999 years.
Accommodation
Ground Floor (Front Public Bar): 560 sq ft 52 sq m
Ground Floor (Rear Seating Area): 194 sq ft 18 sq m
Ground Floor (Commercial Kitchen): 140 sq ft 13 sqm
Ground Floor (Food Prep/Store): 108 sq ft 10 sq m
Ground Floor (Beer Cellar): 183 sq ft 17 sq m
First Floor (4 Bedrooms (2 En- Suite Bathrooms), Bathroom, Box Room, Domestic Kitchen and Lounge): 1033 sq ft 96 sq m
Total: 2218 sq ft 206 sq m
Outside
Car park to the side and rear, together with a rear beer garden and outbuilding. There are views over the river from the beer garden, but please refer to the title plan for the extent of the land being sold. Although land immediately adjacent to the river bank has been used as a seating area it is outside of the Seller's ownership.
Tenancies
A small parcel of land at the rear is subject to a lease to the Environment Agency for a period of 25 years from 1 September 2010 at an initial rent of £100 per annum subject to RPI increases on 1st September 2016, 1st September 2022 and 1st September 2028. The tenant can terminate the agreement by giving a minimum of not less than 3 months notice.
EPC
The Energy Asset Performance Rating is E
VAT
VAT at the prevailing rate will be payable on 88% of the purchase price, unless the purchaser intends to convert the buildings (or part of the buildings) at the Property with a view to them being used as a number of dwellings or solely for residential purposes and they must have prior to the date of exchange provided to the Seller a certificate in form VAT1614D to dis-apply the option to tax. Please see Special Conditions for Full details.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £1,000 payable upon exchange of contracts.Additional Information
1) The property will be sold with the benefit of a premises licence.
2) Interested parties should consult direct with the Local Planning Office, Allerdale Borough Council, Allerdale House, Workington, Cumbria, CA14 3YJ Tel: 0303 123 1702 Email: planning@allerdale.gov.uk.
* 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...
Additional Documents
Office Contact
Important Documents
Agreement Documents
Legal Documents
Log in to view legal documentsShare
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.