Auction
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Royal Hotel, Whitby Road, Loftus, Saltburn-by-the-Sea, TS13 4LQ

  • Auction
  • Lot 4
  • United Kingdom
  • Development Site
  • Commercial

Sold for £75,500

Property Summary

  • By order of the Joint LPA Receivers
  • The property comprises a substantial former hotel and public house
  • Located on a 0.24 acre (971 sq m) site
  • Development opportunity
  • Vacant possession
  • BLOCK VIEWING FRIDAY 13th OCTOBER at 11am

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
Annie Khan
Vendor's Solicitor

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
Annie Khan
Vendor's Solicitor

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Property description

The building is three storeys with a basement wine cellar. It surrounds an internal yard area and has a single storey extension to its western elevation. The property is reported to have housed a public bar area, dinning room, kitchen and garage to the ground floor. 5 lettable rooms and a two-bed owners accommodation apartment were positioned to the upper floors.

The property is now vacant and has been stripped back to a shell condition. We have been informed that a new roof was recently added. Externally the property has a tarmac carpark directly accessible of the A174 which provides c.12 parking spaces. This property has a gross internal area of 5,414 sq ft (503 sq m) - source VOA.

Location

The property is located in Loftus, a rural market town positioned approximately 5 miles east of Saltburn-by-the-Sea, just north of the North York Moors National Park. It is positioned on a prominent corner pitch off the A174 (Whitby Road), the main costal route connecting Whitby, Saltburn-by-the-Sea, Redcar and Middlesborough. The property is walking distance from Loftus’s centre, which provides an assortment of restaurant, bars and local retailers.

It's localted in a mainly residential area, made up of a mix of terrace and semi-detached housing. The property is located on the south side of Whitby Road on its junction with Tees Street.

Planning

The property has full planning permission for the demolition of the existing public house/hotel and redevelopment of a specialised supported living scheme under application reference R/2021/0821/FFM. This development would provide 16 self-contained one-bedroom apartments and ancillary staff accommodation over two separate blocks. This permission was approved in September 2021. The property also had full planning permission for the conversion of the existing public house/hotel into 7 self-contained apartments under application reference R/2016/0676/FF. This development would comprise 2 two-bedroom apartments, 4 one-bedroom apartments and a single studio apartment with ancillary car parking and a communal garden. This permission was granted in November 2016. 

Tenure

Freehold (Title CE108155)

VAT

Please refer to Legal Documents

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*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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