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The Knighton Hotel, Broad Street, Knighton, Powys, LD7 1BL

Commercial property in Knighton

Guide price*

£375,000+

Plus fees

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Lot 83 Commercial Vacant
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Auction details:

Thursday 9th May 2019 @ 10:30AM

Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE

An Attractive & Spacious Grade II Listed Former Hotel, situated within a prominent Town Centre Location, considered suitable for a variety of alternative uses including residential, subject to obtaining the appropriate planning permission and Listed Building Consent ON THE INSTRUCTIONS OF DAMIAN WEBB AND DIANA FRANGOU OF RSM RESTRUCTURING ADVISORY LLP AS JOINT ADMINISTRATORS OF LEISURE & DEVELOPMENTS LTD

Property Description

The Knighton Hotel is believed to date from 1867 with various subsequent additions. The property which is Grade II Listed comprises two elements, a stone built building adjoining a half timbered building. The accommodation is principally arranged over basement, ground and two upper floors. There are extensive lounge areas, bar, restaurant for approximately 8 covers and a particularly impressive first floor function room for approximately 200 covers, having double height ceiling and gallery landing with attractive stone walls in part and exposed timber beams to the ceilings. There are 16 en-suite letting rooms and owner/staff accommodation including a good sized duplex flat with its own separate entrance. There is a commercial kitchen with food hoists servicing the banqueting suite, dry store, washing up section, cellars, plant room and laundry room. There is an additional satellite kitchen adjacent to the function room on the first floor. The property features from a particularly attractive Cantalibra staircase rising to the upper floors. Outside and to the rear are two timber decks that were constructed to service the main restaurant and bar. We understand that when the hotel was operational, it had 12 permits for the public car park immediately to the rear and we assume these were obtained from the Local Authority.

Location

The Knighton Hotel is an impressive building, standing in the heart of the historic town centre.
Knighton is an attractive town in its own right and a centre for the surrounding smaller villages. It lies on the border of England and Wales, having easy access to Ludlow, Leominster, Hereford and Shrewsbury, as well as the county town of Llandrindod Wells. Knighton is a popular tourist destination for those exploring Offa's Dyke and other areas within rural mid-Wales.

Energy Performance Rating

D.

Tenure

Freehold – Vacant possession upon completion.
Please note the coloured area blue on the plan incorporates a flying freehold and the sale does not include the ground floor or cellar. For further details please refer to the legal pack.

Planning

The property is considered suitable for a variety of alternative uses, subject to obtaining the appropriate planning permission and all interested parties are advised to make their own enquiries of the planning department within Knighton Town Council.

Value Added Tax

All interested parties should refer to the legal pack.

Viewings

Strictly by appointment with the Auctioneers.
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 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.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours 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 £1,680 inc VAT (£1,400.00 + 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.

Remote bidding registration