Guide price
£185,000
Pub/bar for saleGlobe Inn, 40 Park Road, Berry Hill, Coleford, Gloucestershire GL16
Just added
Auction
Freehold
About this property
Freehold Subject to the existing tenancy.
For Sale By Public Auction on 09 July starting at 08:30 am - A freehold detached public house
Current gross income: £21,734.28 pa.
For Sale on Behalf of Fixed Charge Receivers.
A two-storey, 'l'-shaped detached public house with rear and side extensions. The ground floor is designated for pub operations and is divided into two distinct areas with the kitchen and dining room at the rear being utilised for food service, whilst the bar area adjacent to the front entrance caters to drinking customers.
The property is internally finished to a high standard, featuring painted plaster walls and a combination of carpeted
flooring and timber ceiling beams that extend through the plaster roof. The flat comprises a kitchenette, two bedrooms, living room and bathroom.
The property provides parking accommodations for approximately 14 vehicles, in addition to a designated space for disabled parking.
Location
The property is situated in Berry Hill, a village in Gloucestershire, approximately 1.5 miles north of Coleford and 3.8 miles east of Monmouth. The A40 provides access from Monmouth to Ross on Wye, connecting to the M5 motorway. The nearest train station is located in Lydney, approximately 7.4 miles distant, offering services to Gloucester and Newport.
This property is located in a predominantly residential area, approximately 0.7 miles northeast of the village centre. Surrounding establishments include a Premier convenience store, a Chinese takeaway, and a pharmacy.
Energy Performance Rating
See legal pack.
Tenure
Freehold Subject to the existing tenancy.
Services
Certain mains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.
Rights of way, wayleaves, easements, restrictive covenants etc
The site is sold subject to, or with the benefit of any rights of way, wayleaves, restrictive covenants etc. Which may exist whether mentioned in these particulars or not.
Value Added Tax
We understand VAT is applicable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
External viewings only, no internal viewings will be arranged, however the pub is open and trading to the public.
Tenancy Details
The property is let to The Globe Inn (Berry Hill) Ltd, subject to a Lease for 5 years from 27th June 2024 expiring 26th June 2029, at a rental figure of £21,734.28 per annum with Retail Price Index rental increases annually.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,700 inc VAT (£2,250 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
Current gross income: £21,734.28 pa.
For Sale on Behalf of Fixed Charge Receivers.
A two-storey, 'l'-shaped detached public house with rear and side extensions. The ground floor is designated for pub operations and is divided into two distinct areas with the kitchen and dining room at the rear being utilised for food service, whilst the bar area adjacent to the front entrance caters to drinking customers.
The property is internally finished to a high standard, featuring painted plaster walls and a combination of carpeted
flooring and timber ceiling beams that extend through the plaster roof. The flat comprises a kitchenette, two bedrooms, living room and bathroom.
The property provides parking accommodations for approximately 14 vehicles, in addition to a designated space for disabled parking.
Location
The property is situated in Berry Hill, a village in Gloucestershire, approximately 1.5 miles north of Coleford and 3.8 miles east of Monmouth. The A40 provides access from Monmouth to Ross on Wye, connecting to the M5 motorway. The nearest train station is located in Lydney, approximately 7.4 miles distant, offering services to Gloucester and Newport.
This property is located in a predominantly residential area, approximately 0.7 miles northeast of the village centre. Surrounding establishments include a Premier convenience store, a Chinese takeaway, and a pharmacy.
Energy Performance Rating
See legal pack.
Tenure
Freehold Subject to the existing tenancy.
Services
Certain mains services are understood to be available in the vicinity of the site, but prospective buyers should make their own independent enquiries as to the suitability of services for their particular requirements.
Rights of way, wayleaves, easements, restrictive covenants etc
The site is sold subject to, or with the benefit of any rights of way, wayleaves, restrictive covenants etc. Which may exist whether mentioned in these particulars or not.
Value Added Tax
We understand VAT is applicable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
External viewings only, no internal viewings will be arranged, however the pub is open and trading to the public.
Tenancy Details
The property is let to The Globe Inn (Berry Hill) Ltd, subject to a Lease for 5 years from 27th June 2024 expiring 26th June 2029, at a rental figure of £21,734.28 per annum with Retail Price Index rental increases annually.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,700 inc VAT (£2,250 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
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