Hotels, Restaurants, Wine Bars & Pubs for Sale at Auction
If finance is required it's wise to arrange a mortgage in principal with a bank or building society before attending the auction. If successful you will be expected to pay a deposit (usually 10% of the final purchase price) on the day of the auction and be able to complete within 28 days. You must also be prepared to insure the property from exchange of contracts.
Once the above has been satisfied and you attend the auction set some ground rules, set your limit and stick to it. If you think you'll get carried away, send someone else to bid on your behalf. Most pubs for sale at auction sell for more than the guide.
Auctioneers are experts at pushing up the price and bouncing offers of the wall. Bids tend to go up in £5,000 jumps, then £1,000 and £500 with the auctioneer squeezing every last penny out of bidders. If your bid is successful, you will have to sign and exchange contracts immediately and pay a 10% deposit. This can be either a cleared cheque or banker's draft cash will not be accepted. If you cannot pay the remaining 90% usually within 28 days you will forfeit your deposit.
Also remember you may have to pay VAT and stamp duty on top of the purchase price. Finally if you don't want to attend the auction or you don't want competition, before being entered into an auction most pubs have been marketed by an estate agent so if you are desperate for the property you can make an offer before the auction to the agent. Most vendors will happily accept offers if it is high enough.
Buying Investment & Development Property at Auction: Pubs, Hotels & Licensed Properties For Sale
As a commercial property investment or as potential development opportunities, run down, neglected, disused or delicensed freehold pubs and hotels offer good investment potential. Such commercial properties are currently for sale at below market value and present excellent redevelopment, modernisation and refurbishment opportunities.
Register with Paramount Investments to access and view hundreds of freehold pubs, wine bars, restaurants, clubs & hotels for sale at auction. Our property investments team can advise on purchase costs, building & planning regulations, rental yields and investment and development returns.
Save time on property viewings, local research, due dilligence and conveyancing. Commercial property details include full sales documentation, schedule of accommodation, title plan, lease, tenancy agreements, contracts of sale, schedules of tenancy, projections, appraisals, floor plans, local authority searches, soil surveys, structural reports, title deeds, planning documentation, as well as professional aerial photographs and detailed maps showing the exact location of the hotel or pub for sale at auction.
Auction lists of closed down, empty, run down, derelict & distressed pubs, wine bars, hotels, restaurants and other licensed properties for sale at UK property sales auctions
Freehold Pubs For Sale UK
Freehold pubs & hotels for sale in East Anglia: Peterborough, Luton, Southend on Sea, Welwyn, Hatfield, Stevenage, St Albans, Bedford, Dunstable, Cambridge, Norwich, Ipswich, Huntingdon, Lincoln, Harlow, Epping Forest, Brentwood, Basildon, Chelmsford, Braintree, Great Yarmouth and Kings Lynn
Freehold pubs & hotels for sale in London: Barking and Dagenham Barnet Bexley Brent Bromley Camden City of London City of Westminster Croydon Ealing Enfield Greenwich Hackney Hammersmith and Fulham Haringey Harrow Havering Hillingdon Hounslow Islington Kensington and Chelsea Kingston upon Thames Lambeth Lewisham Merton Newham Redbridge Richmond upon Thames Southwark Sutton Tower Hamlets Waltham Forest Wandsworth
Freehold pubs & hotels for sale in the Midlands: Birmingham, Coventry, Derby, Wolverhampton, Leicester, Northampton, Nottingham, Stoke-on-Trent, Bromsgrove, Burton upon Trent, Buxton, Cannock, Chesterfield, Dudley Evesham, Grantham, Hereford, Hinckley, Ilkeston, Kenilworth, Kettering,, Kidderminster, Leamington Spa, Lichfield, Mansfield, Nuneaton, Redditch, Rugby, Rugeley, Shrewsbury, Solihull, Stafford, Stourbridge, Stratford upon Avon, Sutton Coldfield, Tamworth, Telford, Uttoxeter, Walsall, Warwick, Wednesbury, Wellingborough, West Bromwich and Worcester
Investment Returns & Yields
Freehold pubs & hotels for sale in South West England: Bristol. Plymouth, Bournemouth, Poole, Swindon, Gloucester, Cheltenham, Torbay, Exeter, Bath, Weston super Mare, Salisbury, Taunton, Newquay Truro. Falmouth, Penzance, Tewkesbury, Cotswolds, Stroud, and Weymouth.
Freehold pubs & hotels for sale in South East England: Brighton, Guildford, Worthing, Portsmouth,, Reading, Basingstoke, Southampton, Milton Keynes, Aylesbury, Wokingham, Bracknell, Medway, Ashford, Dover, Oxford, Hastings, Crawley, Maidstone, Canterbury, Wycombe and Slough
Freehold pubs & hotels for sale in Wales:
Blaenau Gwent, Bridgend, Caerphilly, Cardiff, Carmarthenshire, Ceredigion, Conwy, Denbighshire, Flintshire, Gwynedd, Isle of Anglesey, Merthyr Tydfil, Monmouthshire, Neath Port Talbot, Newport, Pembrokeshire, Powys, Rhondda Cynon Taff, Swansea, Torfaen, Vale of Glamorgan, Wrexham
Freehold pubs & hotels for sale in Yorkshire: Leeds, Bradford, Sheffield, Rotherham, Barnsley, Doncaster, Wakefield, Scunthorpe, Calderdale, Selby, Harrogate,, Scarborough, York, Hull, Scunthorpe, Grimsby, Huddersfield, Halifax, Dewsbury and Keighley
Licensed Properties For Sale
Freehold pubs & hotels for sale in North East England: Newcastle upon Tyne, Darlington, Durham, Gateshead, Hartlepool, Middlesbrough, South Shields, Stockton-on-Tees and Sunderland.
Freehold pubs & hotels for sale in North West England: Manchester, Liverpool, Warrington, Blackpool, Bolton, Stockport, Preston, Blackburn, Oldham, St Helens, Rochdale, Crewe, Carlisle, Southport, Birkenhead, Wigan, Burnley, Salford, Barrow-in-Furness, Wythenshawe, Ellesmere Port, Runcorn, Bury, Bootle, Wallasey, Huyton, Widnes, Sale and Macclesfield.
Freehold pubs & hotels for sale in Scotland: Glasgow, Edinburgh, Aberdeen, Dundee, Paisley, East Kilbride, Livingston, West Lothian, Cumbernauld, Hamilton, Kirkcaldy, Fife, Ayr, Perth, Kinross, Kilmarnock, Inverness, Greenock, Coatbridge, Glenrothes, Airdrie, Falkirk, Stirling, Irvine, Rutherglen, Dumfries, Motherwell, Wishaw, Clydebank, Bearsden and Cambuslang