FOR SALE BY AUCTION * CASH BUYERS * AUCTION FINANCE * 28-DAY COMPLETION

Description

INFORMATION FROM THE AGENT:

Charming Pub for Sale in Fenton, Stoke-on-Trent – Ideal for HMO Conversion (Subject to gaining relevant planning permission).

▪️Property Overview:

Situated in the heart of Fenton, Stoke-on-Trent, this traditional pub offers a unique opportunity for investors, business owners, or HMO developers. With a spacious bar area, a fully-equipped kitchen, and comfortable living accommodations, this property is ready for immediate operation or conversion potential.

▪️Features:

•. Large Bar Area: Perfect for gatherings, this generous space is ideal for creating a lively atmosphere, hosting local events, or repurposing for HMO needs.

• Fully Working Kitchen: Equipped with a fridge, freezer, and ample work surfaces, the kitchen supports either pub operations or residential conversion.

• Private Living Accommodation: The first-floor flat includes three bedrooms, a second kitchen, and a bathroom, making it suitable for owner-occupiers, staff housing, or multi-occupancy redevelopment.

▪️Location & Amenities:

Located in Fenton, a popular area within Stoke-on-Trent, this pub is perfectly positioned within a vibrant community with excellent local amenities and transport links. Fenton benefits from regular bus routes connecting to nearby town centers and Stoke-on-Trent city center, just a short journey away.

For commuters, the property is ideally situated close to the A50, providing direct links to the M6 and M1 motorways, making travel across the region easy and convenient. Nearby town centers, local shops, schools, and recreational facilities add to the appeal, creating a high-traffic area perfect for a bustling pub or HMO conversion.

▪️Investment Potential:

With its location and layout, this property is perfect for an HMO developer looking to transform it into a multi-unit residence, catering to the high demand for affordable housing in the area.

Don’t miss out on this fantastic investment opportunity! Contact me today for more details or to arrange a viewing.

INFORMATION FROM THE AUCTION HOUSE:

Please note that all marketing including property description and imagery has been provided by the introducing agent. The Auction Company strongly recommends interested parties arrange an in-person viewing (strictly by appointment only) to fully appreciate all the property has to offer and to satisfy your own requirements.

Method of Auction:

- This is a ‘Timed Online’ auction, meaning bidding takes place online.
- Visit The Auction Company website find the property details and the bidding method.
- How long the bidding process is open for, is clearly stated as is the closing date and end time.

Registering to bid:

- In order to bid on the property, you are required to register your details.
- You will be required to undertake identity checks as this is the law.
- You will be required to register your payment details. This is to ensure you have funds available to settle the Buyer’s Premium and deposit.
- A hold/shadow will be placed on £1,000 for this.
- If you place a bid, it is deemed you have read, understood and agree to the Terms and Conditions of The Auction Company in their entirety.
- T&Cs, Buyers Terms and Special Auction Conditions are found on each property details. You must read these before bidding.

Auction type - Traditional Method of Auction (Unconditional):

- If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end and complete with 28 days.
- The held amount of £1,000 will be deducted from your account and forms the Buyer’s Premium minimum amount.
- You will be contacted within 2 hours to settle the deposit amount payable and any remaining Buyers Premium due. Failure to make the payments you will be in breach of our auction terms.
- The Buyer’s Premium is set at 4% + VAT (£5,000 + VAT minimum). This is non-refundable and does not constitute towards the cost of the property.
- The deposit amount is 10% of the sale price and will be collected within 2 hours of the close of auction.

Legal Pack:

- The legal pack is a set of documents that relate to the property and the sale of it.
- It is highly recommended that you download and consider the provided legal pack for the property you are interested in bidding on.
- It is also advisable that you seek legal advice regarding the content of the legal pack, to ensure certainty before bidding.
- To download the legal pack, search for The Auction Company website and find the property of interest. There is a tab for ‘legals’ where you will find the documents. To download, you must create a free account with The Auction Passport.
- The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.

Special Conditions of Sale:

- These conditions are not set by The Auction Company. They are conditions stipulated by the seller and are contractually binding.
- You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.