Cedar Tree 1 Haugh Fold, Newhey, Rochdale, OL16 3RF

£400,000

Guide price

For sale via Pearson Ferrier Auctions starting Tuesday 10th December, bidding will be on the Pearson Ferrier website and you can register to bid now. A fantastic development opportunity in Newhey village, just outside of Milnrow with great access to the M62 motorway. The building has over 5,000 SQ FT of accommodation, plenty of outside space and is set over four floors, offering great scope for development opportunities subject to the usual consents (planning was passed in 2005 for conversion to 7 flats (further details in legal pack)). At present the building has a pub/restaurant to the ground floor and cellar, with much of the equipment being left. To the first and second floor there is living accommodation with two reception rooms, kitchen and eight bedrooms. The first and second floors can be accessed from inside the pub, but also have separate entrances from the rear. Externally there is a large beer garden area to the rear with vehicle access. Please see the floor plan and video for layout details. The building offers great development potential and may be suitable for conversion to full residential, retaining the pub to rent out and putting flats/Air BNB/H.M.O.'s above, or other options subject to planning and the usual consents. Please note that the pub is still trading and will be in to the New Year until completion, bookings in the pub will not be affected. Contact Pearson Ferrier to arrange your viewing. Auction guide price £400,000 - £450,000. Buyers are advised to check the legal pack before bidding, this will be available on the Pearson Ferrier website via the bidding window on the property when available. Any changes to the details will be updated on the Pearson Ferrier website before the auction.

Additional Items Being Left

6 burner gas oven

Salamander grill

Char grill burner

1 x 11lt freestanding fryer

2 x 3lt freestanding fryers

1 x Plate warmer with double hot lights

5 Under counter fridges

1 x 5ft fridge

1 x 6ft fridge

1 x lg freezer

1 x med freezer

1 x Glasswasher

1 x Ice machine

1 x Cellar cooler system

Crockery/cutlery/glasses

1 x Single bar fridge

1 x Dbl bar fridge

Bar stools

Chairs (approx 30)

All fitted seating

Bar and lines to the cellar

Additional Information

Tenure - The property is held on two titles:

GM74941 - Freehold

GM74942 - Leasehold - 999 years from 25/3/1874 - Ground rent £15.99PA

EPC - C - 66

Business Rates - £6,000PA

Council Tax - B

Solicitor - Winder Taylor Smith

It is not elected for VAT

Auction Information

The auction is a traditional auction with exchange on the winning bid and completion taking place within 20 working days from the auction (unless stated otherwise in the legal pack).

Buyer's Fees - There is a buyer's premium charge of £2,500 + VAT or 2% of the purchase price (whichever is greater) and a buyer's administration fee of £500 + VAT. If there are any disbursements from the sellers side these will be detailed in the legal pack. Buyer's are advised to check the legal pack before bidding.

Every effort has been made to confirm the accuracy of the details including any defects with the vendor and their solicitor. Pearson Ferrier will not be held responsible for any failure to disclose any such defects. Any purchasers buying without viewing, or if not available carrying out a survey are doing so at their own risk and acknowledge that Pearson Ferrier will not be held responsible for any issues that may arise due to them being unintentionally missed from the advert.