The Three Wells Pub, Wells Road, Polsham, Wells, Somerset, BA5 1RW

Guide Price* : £220,000

Freehold Vacant Pub with Development Potential (Subject to Planning)

Upon Instructions of

Michael Sanders and Georgina Eason of MHA Macintyre Hudson, Joint Administrators of Westway Holdings Limited

  • Freehold vacant pub
  • Existing planning permission for residential use in part
  • Multiple possibilities for development (subject to planning)
  • Total floor area 5,621 sq ft (522.18 sq m)
  • Site area of 1.42 acres (0.574 hectares)

Description

The property comprises a vacant public house arranged over ground and first floors. The original pub has been extended to the side to provide additional accommodation and features a large car park and garden with frontage to the road.

Location

The property is loated in Polsham, a small village to the north of Glastonbury and approximately 23 miles south east of Bristol. The village benefits from several local amenities and is predominantly a mix of detached and semi-detached housing.

The property occupies a large rectangular site with a long frontage to the road. Making the existing pub building and the adjacent land suitable for development (subject to planning)

Tenure

Freehold

Planning

The property has planning consent for an existing residential flat which is situated on the first floor of the pub (ref: 2018.2664/CLE).

It is envisaged that the property would be deemed suitable for development and that this development could entail conversion of the existing pub building into residential use, as well as the development of additional residential units within the car park/garden area. However no planning consent for this use is currently in place.

Planning Authority

Mendip District Council

VAT

Refer to the legal documentation

Note

This property is being marketed for sale due to insolvency and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the vendors to the best of their knowledge but the purchaser must rely solely upon their own enquiries.

Contact

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

The auction has not yet started
Minimum Opening Bid

£180,000


Bidding Opens On
11th Nov 2020 12:00
End Date

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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Viewings Viewing Times
From To Note
22/10/2020 11:00 22/10/2020 12:00

Office Contact

Max Mason
07917 865 212

Vendor

Michael Sanders and Georgina Eason of MHA Macintyre Hudson, Joint Administrators of Westway Holdings Limited

Related Documents

Legal Documents

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Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton October 2020

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.