The Windsor Castle, Printworks Brewery &, Dr Hardwickes Gin Bar, Stourbridge Road, Lye, Stourbridge, DY9 7DG
Licensed Premises in Lye, Stourbridge
Please note the property is registered at land registry as 3,5 and 7 Stourbridge Road, DY9 7DG and 1 Pedmore Road, DY9 8DJ- Updated 05/07/2023 @ 14:47
A Rare and Unique Opportunity To Own a Piece of History, a Successful and Established Licensed Premises, Micro Brewery, Bed and Breakfast and Offices
Property DescriptionA freehold prominent free house, private gin bar, micro brewery and equipment, four letting rooms, offices, external drinking area and car parking for approximately 10 vehicles. The property is situated on the busy Lye Cross Junction of Stourbridge and Pedmore Roads with easy access in and out of the car park. Accounts - A well known and popular free house with residential letting accommodation and micro brewery. The pub has recorded sales of £454,900 net of VAT for the year ending 30th September 2022, with a gross profit margin of 65% (not including any free trade or mail order sales from the Printworks Brewery)
AccommodationGround Floor: Main Bar Area with a Timber Bar servery, High Tables, Resident Piano, Further areas include a Victorian Style Fire Place, Dining Facilities (which would offer seating up to 90 covers), Trade Kitchen, Preparation/Freezer Room.
First Floor: Gin Room ideal for private parties, Customer Toilets, Four Separate Offices and Laundry Room. Four Double Rooms- two with En-Suites and two having their own private Shower Room.
The Printworks Brewery originally part of Sadlers Brewery's production plant lies to the rear of the Beer Stores and was re-branded as Printworks Brewery in 2019 including Brewery Fermenting and cold rooms, with a capacity for approximately 60 brewers barrels per week.
Energy Performance RatingSee legal pack
TenureFreehold – Vacant possession upon completion.
PlanningThe Windsor Castle is not a Listed Building nor in a conservation area and all licenses will be available within the legal pack.
Value Added TaxAll prices are exclusive of VAT and prospective purchasers should read the legal pack for confirmation.
Auctioneer's Note1. Further details will be available upon request or contained within the legal pack.
2. Prospective purchasers should note that stock will be available at valuation, if required.
3. Please note offers may be considered prior to the Auction Sale.
Remote Bidding AuctionThis property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.
ViewingsStrictly by appointment with the Auctioneers.
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 all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
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. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
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 £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), 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.
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. The legal pack is available to download free of charge under the ‘lot information’. 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.