Commercial Property Devon TQ3 £450,000 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

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Auction date: Wed, 08/12/2021 - 10:00

A substantial end terrace public house comprising bar, servery and seating areas together with beers stores, kitchen, office, plant room, toilets and separately accessed manager's flat. To the rear of the property there is a beer terrace area. The property is let on a 7 year lease from February 2020 at a rent of £67,600 per annum. The property was fully refurbished during lockdown adding an additional bedroom to the manager's flat. Additionally we are informed that plans were being drawn to construct a five storey residential development that would sit above the current building and comprise 33 apartments with a mixture of 1 and 2 bedrooms, subject to planning.

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property auctions devon development planning conversion builder residential paignton devon TQ3

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