An attractive two storey terraced building under a pitched slate roof with front elevation overlooking the River Tamar. Feature porch entrance and separate Store/Garage. Development potential – opportunity for other uses including residential exists subject to sourcing the necessary consents.
- Asking Price:
- £400,000
- Turnover:
- Not applicable
- Net Profit:
- Not applicable
Property Information
- Property:
-
Freehold
- Location:
-
The Royal Albert Bridge Inn is situated on Wolseley Road, fronting the River Tamar. This waterfront area is extremely popular with visitors to the Plymouth area and particularly popular as a stop over with coach parties visiting the South West. The ‘RABI’ is a very well known Freehouse, steeped in history as briefly summarised below.
- Premises Details:
-
The accommodation briefly comprises:-
entrance porch
with main door to:-main bar
l shaped trading area presented in a traditional style. Central timber topped and fronted bar servery.Gents cloakroom
with 3 urinals, part tiled wall, tiled floor, wash hand basin and separate wc.Back of house storage
with various lock up stores.Beer cellar
temperature controlled beer cellar.Ladies cloakroom
with wc and wash hand basin.Disabled cloakroom
with wc, wash hand basin and baby changing facilities.Commercial kitchen
under stairs cupboard
first floor living accommodation
bedroom/office
family bathroomliving room with kitchenette
double bedroom
double bedroom
seperate flat
interlinking bedroom & living room.Shower room
outside
entrance porch with balcony over. Separate store with pitched roof, stone walls, used for storage/garaging.General information
terms of sale
the purchaser (via their solicitor) will be required to pay an abortive legal fee deposit of £5,000 (to be held by the seller's solicitor) prior to the release of the legal package. The purchaser will have 15 working days from the date the legal pack is released from the seller's solicitor to the purchaser's solicitor to exchange contracts. 10% of the purchase price will be payable upon exchange of contracts. If the purchaser exchanges contracts within such period, the abortive fee deposit will be credited against the purchase price. If the purchaser withdraws from the transaction or the contracts are not exchanged within such period, the abortive legal fee will be forfeited.The seller will undertake to provide timely responses to the purchaser's enquiries and comments to facilitate their ability to exchange contracts within the required time. The deposit will be refunded if the seller is unable to show good title or withdraws from negotiations within the required time (save where due to the seller revising the agreed terms). If exchange shall not occur within the required time, the seller shall be free to withdraw from the transaction and retain the abortive deposit. Completion to be 15 working days after exchange of contracts.
Overage agreement
the sale will be subject to an overage agreement. In the event the purchaser (or their successors in title) obtain planning permission for alternative uses (alternative to the use or development of the property as a public house) the purchaser and the seller will share equally (50%) any uplift in the market value of the property. This overage will apply for 10 years with further terms to be agreed.Rateable value
2023 List: £11,250. This is not rates payable. Council Tax Band A. For information, we advise you to contact the Local Authority, Plymouth Council Tel.Services
we have been informed that the property is connected to mains electricity, drainage, gas and water.Epc rating c
- Energy Performance Rating:
- C
