A public/restaurant investment with residence
The Cabinet, High Street, Reed, Royston, Hertfordshire SG8 8AH
£600,000
10 September 2025
GUIDE PRICE
AUCTION DATE
The property is located in a popular idyllic village and would make a great commercial investment for a new buyer. The pub/restaurant has been tasteful renovated to a high standard and has a 7 year lease in place for £49,000 per annum. The four bedroom owners living accommodation is finished to a high standard throughout retaining period features throughout. The pub which serves Italian food has a lovely bar area with indoor and outdoor seating with access to plenty of parking. The owners accommodation comes with parking to the side for 2/3 cars. Please note there is an addition option to purchase the large parcel of land to the left hand side of the cabinet which is able to be negotiated as part of the purchase or at an agreed later date to the buyer. Further details available on request. The owner is looking for in the region of £150,000 but is open to negotiating a price for the total lot. Freehold Current rateable value (1 April 2023 to present) £8,900 living room, open plan kitchen/dining room, utility area, bedroom currently being used as a sitting room, bedroom with a jack and jill style luxury shower room. Two good size bedrooms and a luxury family bathroom. Bar area leading through to seating area, toliets, kitchen and second prep room. Ample outside seating area and parking to the front. To the rear of living accommodation is a lovely lawned garden backing onto fields and parking to the side of the property. Please note there is a parcel of land to the left hand side of the property which can be purchased by separate negotiation with the seller which can be brought either at the same time or at a later date which they are looking for in the region of £150,000 please see the auctioneer for more details. F Current Rating Please refer to Legal Pack Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. North Hertfordshire District Council Kenneth Elliot & Rowe Liimited, Ref: Mark Sadler, Tel: 01708 757575 We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
High St, SG8 8AH
Guide Price
£600,000
Auction Date
10 Sep 2025
Time
10:00
Lot
51
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House
Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.