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ATTRACTIVE FREEHOLD INVESTMENT OPPORTUNITY PRODUCING 28,000 PA

Lot 46

The Peacock Inn, Cavendish Street, Barrow-in-Furness, Cumbria

Photo of The Peacock Inn, Cavendish Street, Barrow-in-Furness, Cumbria
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ATTRACTIVE FREEHOLD INVESTMENT OPPORTUNITY PRODUCING 28,000 PA

Lot 46

This attractive corner sited building of brick constructionunder a pitched slate roof comprises of a ground floorpublic house with cellar, storage area and a largeManager?s flat over two floors above. The property is hasmainly gas-central heating and double-glazing and iscurrently let on a full repairing and insuring lease for aterm of 25 years with no break clause and 5 yearly upwardonly rent reviews to Mr Darren Reid and Ms RhonaHazelden. The rent reserved 28,000 pa to 31 January 2013,with rent reviews every 5 years. The vendor is also holdinga rent deposit of 7,000. The property is sold with thebenefit of this investment income. We understand thatVAT is applicable to this Lot and that the vendor is willingto extend the completion time to 8 weeks.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

  • Buyers Premium of £600 inclusive of VAT
  • Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
  • Stamp Duty - rates easily available on-line
  • Your solicitor fees and any survey fees
  • Insurance - it is your responsibility from the date of exchange to insure the property purchased.

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