Pub auctions: Pub and licensed property auctions
Pubs and Public Houses for Sale at Auction
An auction is a sale which takes place, usually in public, when a property is sold to the highest bidder, provided the amount of money offered exceeds the reserve price. The sale process by auction is immediate, with exchange of contracts being achieved on the "fall of the hammer". A reserve price is the lowest price the vendor is prepared to accept and the property will not be sold unless a higher bid is received.
In most cases, a guide price is also available from the auctioneer.In the case of disposing of a property, auctioneers usually require a catalogue entry fee for each property that is included in an auction which can vary between £1,000 to £1,500 (exclusive) and is payable regardless of whether a sale is achieved. In addition, on completion, a further fee is payable to the auctioneer which usually ranges from between 1.25% to 1.5%, (exclusive) of the sale price. This also excludes legal fees, which the vendor is required to pay.
Not all properties are suitable for a sale by auction because there are different types of purchasers operating in the auction market compared to normal private treaty sales. Each property therefore needs to be considered individually to ascertain whether this method of sale is the most appropriate.
The Royal Institution of Chartered Surveyors is currently preparing a document known as "Common Conditions of Sale" in order to simplify the auction process, and also make auction contracts easier to understand.
Freehold Pubs For Sale: Licensed Properties For Sale
We offer a range of freehold pubs, public houses, and licensed properties for sale
Paramount Properties licensed property investment team can provide a full suite of commercial property advice and services to you in your search or disposal of your pub or licenced property. Search freehold and leasehold pubs and licensed properties for sale in UK
Paramount Properties are specialsists in sourcing UK Pubs for Sale, Freehold Pubs for Sale, Leasehold Pubs for Sale and other Pub Company or Brewery Investment Opportunities in England, Scotland and Wales for potential property investors and developers.
Freehold Pub Sales: Getting Organised
The licensed property management team at Paramount Properties is experienced in all aspects of freehold pub sales and leasehold pub sales licensed properties and leisure property management ensuring a stress free and profitable solution
Pub Sales & Investments
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Please contact us if you plan to buy or sell a pub or licensed property
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Pubs as Property Investments: FAQ's
We aim to make the development and future letting and management of your pub or licensed property investment as secure, speedy and straightforward as possible.
- What about fit out costs for developing a pub site?
- How can I minimise the purchase costs when buying a pub as an investment?
Property Redevelopment & Investment
Finding the perfect property for development doesnt happen by chance. We advise on the refurbishment of run-down buildings such as petrol stations, factories, pubs, churches, hospitals, post offices and other former public buildings as new housing developments, shops and offices.
The ability to determine your investment needs, identify problem areas and ask the right questions will help you make the right property investment choice before you proceed with any agreement.more on new property developments
