Property for sale

* FOR SALE BY PUBLIC AUCTION 26th JULY * Guide Price £850,000 - £900,000*+ FEES We have pleasure in marketing this IMPRESSIVE landmark Bar & Restaurant formally trading as Monks Bar in a prime location opposite Portsmouth Cathedral within the CONSERVATION city of Old Portsmouth. Spanning four floors plus a beer cellar, the building offers huge SCOPE and potential with investment and updating to return to its former use as a splendid bar and restaurant with SIGNIFICANT bar area and restaurants over the ground and first floors. The upper two floors provide SUBSTANTIAL living accommodation (home of the previous owner and latterly pub/restaurant manager and chef) or offices which provides OPTIONS to convert into alternative commercial uses or perhaps conversion into residential dwellings subject to all the necessary planning consents obtained. There is a courtyard with storage facility, rear access and wrought iron staircase providing external access to the upper floors. There is also a beer cellar with trapdoor access from the High Street.No forward chain. Viewing strictly by appointment. Interested parties must register and request the legal pack with our joint auctioneers, Clive Emson on[use Contact Agent Button] or via the link
Ground Floor

Entrance Lobby

Main Bar & Restaurant

Kitchen

First Floor

Three Restaurant Rooms

Customer W.C's

Second Floor

Two Receptions/Bedrooms/Offices

Kitchen

Third Floor

Two receptions/Bedrooms/Offices

En-Suite Bathroom

Kitchen

Outside

External Store Room

Courtyard
With rear access

AGENTS NOTES
Live Bidding commences 14th June and Ends 12 noon on 16th June. Interested parties must register with our joint auctioneers, Clive Emson on[use Contact Agent Button] or [use Contact Agent Button] are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.Price Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check regularly at cliveemson.co.uk in order to stay fully informed with the up-to-date information.ADDITIONAL FEESAn Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/

Tenure: Freehold