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Lot 12 Available at £799,000

Tillington Hall Hotel, Eccleshall Road, Stafford, Staffordshire ST16 1JJ

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Lot 12

Ground Rent Investment

4 week completion

Situation

Located within this residential suburb only approx. 1¼ miles north-west of the town centre and ½ mile from Junction 14 of the M6.
Stafford is the County Town of Staffordshire and is situated approx. 25 miles north of Birmingham and 14 miles south of Stoke-on-Trent.

Property

Site Area Approx. 2.77 acres

Comprising a detached three storey 91 Bedroom Hotel with conference and events facilities together with a bar, restaurant and ample on site car parking.

VAT is NOT applicable to this Lot

Freehold

Note 1: The Property is subject to a hotel management agreement with operation of the hotel being under the Best Western brand. In practice, the freeholder receives the ground rent as a single payment half yearly via the Operational Company referred to in the leases.

Note 2: The freeholder insures the property. The current sum insured is £11,904,609 and the current premium is £19,239 which is recoverable from the lessees pursuant to the terms of the leases and currently paid by the Management Company in one payment on behalf of the lessees.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.