Mill Street

Substantial freehold two floor detached Freehouse Public House with self-contained flat above
Investment

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Location:
The property is situated on Mill Street between its junctions with Romanby Court and Garibaldi Road. Public transport links include a choice of Redhill or Earlswood mainline rail stations together with a network of local bus services serving the surrounding vicinity. Road links include the A25, A23, M25 and M23. An extensive range shopping amenities, bars, cafes and restaurants can be found locally within Redhill. Recreational pursuits can be found locally at the open spaces of Redhill Common, Earlswood Common and Reigate Hill and Gatton Park National Trust.

Description:
Substantial freehold two floor detached public house with self-contained flat above with surrounding gardens.

Accommodation:

Flat:
First floor: Two bedrooms, reception room/kitchen, bathroom/WC (accessed through the bar)

Public House:
Ground floor: Open plan bar, Ladies Cloakroom/WC, Gents Cloakroom/WC,
Basement: Pantry, kitchen,
Outside: Surrounding gardens, brick outbuilding.

EPC rating: C

Tenancy:
The property is let (Current Lease outside the Landlord and Tenant Act 1954) for a term of 2 years from 11th July 2023 until 10th July 2025 at a rent of £370 per week (rising to £400 per week from 9th July 2024). A copy of the tenancy agreement will be included within the legal pack on our website.

Rent Reserved:
£19,240 per annum (rising) - Further rent increase potential.

Potential:
The property may be suitable for redevelopment in the future subject to planning permission and consents. Prospective purchasers must rely on their own enquires in this respect.

To view:
Strictly by arrangement with the auctioneers.




Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.