Pinterest Google+

BuffaloA former Gillingham pub which last served as an Italian restaurant has sold through auction.

The Buffalo in Lydfords Lane, standing on more than a third of an acre, was among 137 lots listed across southern England by Clive Emson Auctioneers in the November auction.

Mike Marchant, a senior auction appraiser with the firm, said: ‘This attractive freehold public house in North Dorset, recently been in use as an Italian restaurant, was listed in our November auction with a a guide price of £260,000 – £280,000.

‘As sometimes happens, a buyer made an offer to the seller before the auction, which was accepted. Located in a predominantly residential area, the property sits within a substantial plot of over one third of an acre.

‘It is considered there may be scope for future development of the land to the rear, subject to all necessary consents being obtainable, but we are not privy to any plans the new owner may or may not have for the site,’ he added.

In the auction firm’s previous auction, The Cock & Bottle Inn at East Morden, near Wareham Dorset, sold for £402,000, which was £62,000 more than the freehold property’s guide price.

The next auction by Clive Emson Auctioneers, the last of eight this year across southern England, takes place on 13 December, with live bidding starting 48 hours before. Entries for lots close on 20 November.

Previous post

Former Buffalo pub in Gillingham up for auction

Next post

Local parent support charity takes on new volunteers

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *