• Commercial and residential premises
• Potential to convert to housing (subject to planning)
• Formerly run as a pub/restaurant
The Davy Lamp is located in Easington Lane, Houghton le Spring and has until recently been run as a licenced premises. However, the vendor has temporarily closed the business and is looking to sell the property vacant. The property totals approx. 5,500 sq. ft. incorporating the pub (both internal and external areas) at ground floor level with the first floor containing a three-bedroom flat.
The property is in very good condition throughout and would make an excellent investment for those looking to either run their own business or potentially lease the pub out to another operator.
**PLEASE NOTE: As per the T&C's, an Auction Fee and 10% Deposit is due to be paid when your bid is successful.**
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.