Lot 34 - Former Pencelli Hotel, Pencai Terrace, Treorchy, CF42 6HL

Description

ONLINE AUCTION from 14th MAY-16th MAY

A three storey detached public house with owners accommodation. The public house has been the centre of the community for a number of years and is a multi-award winning establishment. The awards included eight times voted the Mid Glamorgan pub of the year and six times Mid Glamorgan Cider & Perry pub of the year.

The ground floor of the property offers a welcoming, traditional atmosphere with a bar area, lounge, pool room area, commercial kitchen and toilets. To the rear of the property is a beer garden with additional seating and coach house. Subject to the relevant consents the coach house may be suitable for further development.

The first floor of the property was traditionally used as function rooms however has most recently been used as living space. The area is comprised of a large living room, three large function rooms, a kitchen and bathroom with separate WC. Subject to the relevant consents the function rooms may be suitable for use as bedrooms.

The second floor is comprised of three large bedrooms inclusive of large cupboards which may be suitable for conversion into ensuites.

There is a basement comprising of three large rooms inclusive of a cold room/ barrel store.

This property is ready to be reopened as a public house and offers potential for and AirBNB, or residential accommodation on the upper floors. Alternative uses may include but are not limited to a restaurant, gym, hotel or development opportunity.

Location
Situated in the town of Treorchy this property occupied a prominent corner position. The property is easily visible from the A4061 Station Road which is the main thoroughfare through Treorchy. Overlooking Pengelli Bowls Club and Treorchy Park this property boasts scenic views from every window.

Approximately a five minute walk to the centre of the town, the area is known for its bustling high street which achieved high street of the year in the great British High Street Awards of 2019.

The property is well connected to local transport links with local bus routes and Treorchy train station being only a 5 minute walk away.

Treorchy is right on the heart of South Wales, perfectly situated between Cardiff, Swansea, and the Brecon Beacons

Business Rates
Current rateable value is £8,000. The property is classified as ‘Public House and premises'.

Services
Gas, water and electric - not tested.

VAT
Vendor has advised that there is no VAT due on the sale of this property (to be confirmed by a solicitor).

Council Tax Band

A

Tenancies

To be sold with vacant possession

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.