Red Lion Middleton, Market Harborough

No offers £375,000


Red Lion Middleton For Sale Freehold through LLH Solutions £375,000+VAT

  • Freehold For Sale
  • Multiple Ground Floor Trading Areas
  • Car Parking
  • Owners Accommodation
  • Potential Letting Bedrooms
  • Available Immediately
  • Substantial Trade Garden To Rear

Property Details

The Village of Middleton is near two other villages, Cottingham, and East Carlton, benefitting from the popular East Carlton Park, set just off the main A427 between Corby and Market Harborough on the Leicestershire and Northamptonshire border. Good road access to the A14 from Kettering and M1 via Lutterworth. Rail travel to London Kings Cross from Kettering circa 1hour.

The property is a 2 storey detached former restaurant property with ground floor public trading areas, and first floor owners accommodation. The upper floors are midway through renovation with some rooms partly converted into letting bedrooms.
There is a substantial garden to the rear with some parking to the front.The garden to the rear is enclosed and offers split level areas, to include patio area, garden area and children's play area. With side access to the front of the property and side bin storage area.

Ground floor areas are generally open but sectioned to provide as follows:-
Dining area - circa 30 covers
Bar area
Lounge area
Further restaurant area
Central bar servery, with catering kitchen and preparation kitchen.
The ladies and gents w/c's are in good condition
Basement cellar
First floor offers:-
6 bedrooms with partial en suites fitted, further capital required to install bathrooms, carpets, heating, lighting and furnishings.

We are advised that all main services are connected to the property. These services have not been inspected or tested by this agent.

For Sale Freehold with vacant possession.

Sales Conditions:

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 pack.
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.

The current rateable value of the property according to the valuation office agency website is £10,250. Interested parties should seek advice from the relevant billing authority, which is Corby Borough Council.

VAT will be chargeable on the purchase price.

Both Parties will be responsible for their own legal costs.

Car parking to the front of the property for up to 7 cars off road.

Strictly by appointment with the vendors sole selling agents. Tel: 01780 435072 Email info@llhsolutions.com You are recommended to contact us in the first instance prior to visiting the property even for an informal viewing.

An early discussion about finance can often save time and disappointment, talk to LLH Solutions about securing independent financial advice from one of our solution partners.

Location Map

Open In Google Maps

Enquire / Request Viewing