The Surtees Arms, Chilton Lane, Ferryhill Station

£160,000

Guide price

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5, 000 plus vat which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance A well established Public House dating from 1872. The business is renowned for its real ales and was the Durham camra real ale pub of the year for 2010 and 2011. The adjoining micro brewery, established in 2008 supplies 'Yard of Ale' beer to local businesses throughout the region.

The premises occupy a corner site on a main through road and comprises; a bar, lounge, dining room, first floor function room, two bedroomed living accomodation, fully fitted kitchen with Baine Marie cookers, fryers and refridgerators with a fully equiped micro brewery to the rear.

This footer paragraph is an example only and should not be relied upon as complying with current legislation. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should notrely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or giveany representation or warranty in respect of the property.