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The Duchy of Cornwall, 14 Anstis Street, Plymouth, Devon, PL1 5JT
Guide Price* : £125,000 to £150,000
PUBLIC HOUSE INVESTMENT
- Public House With Two Bedroom Owners Accommodation
- Freehold
- Current Income of £20,000 Per Annum
- Corner Position In Established Residential Area
Description
the property comprises a public house comprised over 2 storeys on the corner of Anstis Street and Fredrick Street East. The property offers a bar/lounge with seating for 30, WC facilities and beer cellar on the ground floor.
The first floor offers owners accommodation comprising kitchen, lounge, 2 bedrooms, bathroom and separate WC.
The property is on a site of approximately 0.001 hectares (0.25 acres).
Location
The Property is located at the junction of Anstis Street and Frederick Street East in an established residential area, in the Plymouth City Council, approximately 0.6 miles to the west of Plymouth City Centre.
The M5 motorway, which connects the Midlands with South West England, is located approximately 35 miles to the northeast of the Property. By road, the Property is located approximately 149 miles southwest of Cardiff, 122 miles southwest of Bristol, 152 miles west of Southampton, 212 miles southwest of Birmingham and 216 miles southwest of London.
Plymouth railway station is situated approximately 0.5 miles to the northeast of the Property. From Plymouth there are direct services to Exeter St Davids (1 hour), Bristol Temple Meads (2 hours 6 mins) and London Paddington (3 hours 14 mins).
Devonport railway station is situated approximately 1.0 miles to the northwest of the Property. From Devonport there are direct services to Plymouth (4 mins), Exeter St Davids (1 hour 15 mins) and London Paddington (3 hours 26 mins).
Tenure
We understand that the site is held Freehold; Title Number DN188648.
Tenancy
The property is occupied under a Tenancy at Will dated 18 May 2024 by R & M Duchy Limited at a rent of £20,000 per annum. The arrangement is terminable at any time by the landlord and by the tenant on two weeks’ written notice. The tenant also contributes to part of the buildings insurance.
The Tenant has indicated they wish to remain in occupation and sign a new lease agreement upon a sale of the property.
Planning Authority
Devon County Council - www.devon.gov.uk
Bidder Registration
Registration for bidding will close at 2:00 pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.
VAT
Refer to the legal documentation
Energy Performance Certificate
C (61)
Contact
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
** If you take up this service, Dynamo may pay a referral payment of up to 20% of the procuration fee received by Dynamo from the relevant lender on completion of the mortgage to us. This is not paid by you and has no impact on the service provided. Dynamo is a trading name of Dynamo Mortgages Limited, which is part of the same group of companies as Lambert Smith Hampton, owned by Connells Limited.
If you take up this service you will agree your own separate contract with Dynamo, and Lambert Smith Hampton is not responsible for the accuracy, quality or suitability of any advice, recommendations or services provided to you.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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Legal Documents
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Additional Documents
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Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, 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.
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