Unavailable because this Lot was withdrawn from the auction
The Victoria Hotel, West Road, Lancaster, Lancashire, LA1 5PGthree storey public house with ground floor approximately 174.12 sq m (1875 sq ft) and residential and ancillary accommodation above
Situated at the junction of West Road and Willow Lane in a predominantly residential area, less than 0.5 miles to the west of Lancaster city centre.
Three storey property, comprising bar and lounge areas to the ground floor, office and residential accommodation to the first floor and ancillary accommodation in need of refurbishment to the second floor.
The following details have been provided by the Vendor (including the measurement in the lot heading):
Vestibule Entrances, Bar Lounge Areas, Pool Room, Smokers Area and Ladies and Gents WC.
Living Room, Kitchen, Pantry, CCTV Room/Office, 2 Double Bedrooms, 1 Single Bedroom, Occasional Bedroom and large former Meeting Room.
The property may have development potential subject to obtaining any necessary consents. Interested parties should consult direct with the Local Planning Office, Lancaster City Council, Palatine Hall, Dalton Square, Lancaster, LA1 1PW. Tel: 01524 582381.
The property will be sold with the benefit of a Premises Licence.
Vincent Solicitors, Guild Chambers, 4 Winckley Square, Preston, PR1 3JJ.
Tel: 01772 280 324. E-mail: firstname.lastname@example.org.
Contact: Mr Mark Alexander.
The vendor has written to HMRC to clarify the VAT position as they paid it upon acquiring the property and it is likely it will apply to the sale.
* Guide Prices and ReservesGuide Price: An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price: the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.