Restaurant in Telford
Former Cleos Restaurant, High Street, Ironbridge, Telford TF8 7AD
- Property Type: Restaurant
- Contract Type: Unconditional with Variable Fee
Guide Price* £150,000+ plus fees
Property Description
A freehold former restaurant located in the centre of the historic town of Ironbridge fronting the High Street and within walking distance of the Ironbridge Gorge Museums and the River Severn. The town is a popular tourist location with many local amenities. Ironbridge is located approximately 5 miles south of Telford Town and approximately 9 miles from the Town of Bridgnorth. The property benefits from a generously glazed frontage with the ground floor fitted out with a restaurant area served by a commercial kitchen and toilets. The first floor offers further seating area. There is an outside area suitable for further seating arrangements. ACCOMMODATION Description SQFT/SQM Restaurant: 1,316 / 122.31 Kitchen/Office: 215 / 20.01 W.C Area: 119 / 11.07 First Floor: 288 / 26.80 TOTAL: 1,938 / 180.19 RATING The Valuation Office website lists the property with a rateable value of £22,750 effective 1st April 2023. TENURE The Lot is the freehold land known as Severn Valley Motors, High Street, Ironbridge, Telford, TF8 7AD comprised in title SL112937. The freehold interest is for sale with the benefit of vacant possession. VAT We understand that no VAT will be charged on the sale price.
Note
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 21st November 2024
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
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