We are back in the auction room for our 21st July auction!

 

Land & Buildings Adjacent to, Hillmorton Wharf, Crick Road, Hillmorton, Rugby, CV21 4PW

Land & Buildings in Hillmorton, Rugby

Guide price*

£110,000+

Plus fees

Sold for £110,000

Pound sign

Finance available on this property

Find out more
Mail icon

Enquire about this property

Lot 26 Commercial Investment Land/Development
Save property

Auction details:

Wednesday 23rd October 2019 @ 10:30AM

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

Freehold Buildings & Land, together with Two Wet Docks and a Pub Beer Garden Investment

Property Description

The property comprises of land and buildings alongside the Oxford Canal. The north of the site comprises the beer garden of the Waterside Pub and Carvery, formerly The Old Royal Oak, which is let to Greene King. This area comprises an area of surfaced land to the canalside elevation of the pub to the north, the southern section comprises a grassed beer garden including a small children's play area. The south of the site comprises a small boat yard with two buildings and two bay wet dock with workshop space and a separate office/storage building. The buildings are single storey and of prefabricated concrete construction. There are a number of moorings alongside the site. These do not form part of the sale and will be retained by the Vendor, however the purchaser will be liable to enter into a Mooring Agreement together with a Connection Agreement for the wet docks. Full details will be included within the legal pack.

Location

The property is located in Hillmorton, approximately 3 miles south east of Rugby. The Oxford Canal runs to the west of the site and the Waterside Pub and Carvery is situated next to the Wharf.
Hillmorton is a suburb of Rugby and is predominately residential in nature. The site is easily accessible with the M1 motorway approximately 1 mile distant.

Energy Performance Rating

See legal pack.

Tenure

The property is Freehold and vacant possession will be given upon completion of the buildings, yard and wet docks.
The beer garden is let to Greene King by way of a Lease, which expired on 20th December 2017, at a current rent of £8,750 per annum.
We understand that Greene King have served a Section 26 Notice (now expired), requesting a new 15 year Lease directly to the Canal & River Trust.
Further details of this, together with details of access and services will be available for inspection within the legal pack.

Value Added Tax

VAT will be chargeable on this transaction.

Auctioneers Note

Please note no offers will be considered prior to the Auction Sale.

Viewings

External viewings only.

Accommodation

Unit Sq.m. Sq.ft.
Office: 72.75 783
Wet Docks: 142.83 1,537
Workshop: 71.07 765
Total: 286.65 3,085
The beer garden has a site area of 646 sq.m. and the total site area is approximately 0.43 acres.
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