A historic 18th-century pub with a huge garden has gone up for sale for the incredible sum of just £1 – but all may not be as it seems.
Located in Newport Pagnell, Buckinghamshire, this converted three bedroom, one bathroom pub offers 2,350 sq ft of living space and has been extensively improved and modernised by the current owners.
Following the closure of the Malting House pub in 2018, the property was used as a showroom for an interior design company.
But there are a variety of potential uses for a new owner, including conversion into a stunning residential property.
Set in its own grounds in the affluent village of Stoke Goldington, alongside a number of quaint cottages, the pub has a separate barn to the rear and ample parking.
Located in Newport Pagnell, Buckinghamshire, this converted three-bedroom, one-bathroom pub offers 2,350 square feet of living space.
The building has been extensively improved and modernised by the current owners.
The outdoor area features plenty of green space along with a covered area at the back.
Built partly of brick and partly of stone, the building boasts a number of original features including exposed beams and two fireplaces.
The ground floor has been well maintained with new carpets, storage space and newly fitted bathrooms and kitchen.
But any potential new owner will likely have to do some work on the untouched upper-floor area, which consists of three bedrooms, a kitchen and a bathroom.
The outdoor area features plenty of green space along with a covered area in the back, all alongside a barn and a parking lot that can accommodate up to 12 spaces.
Furthermore, the barn area could be converted to a variety of uses or linked to the main property as part of a larger residential conversion.
The property has freehold and leasehold opportunities available, but the annual rent for a new lease to a tenant will be £40,000.
While the pub may be listed for a pound, the property brochure reveals the freehold opportunity will set you back £775K.
The potential new owners are likely to have to carry out some work on the untouched upper floor area, which consists of three bedrooms, a kitchen and a bathroom.
Following the closure of the Malting House pub, the property was used as a showroom for an interior design company.
The ground floor has been well maintained with new carpets, storage space and newly fitted bathrooms and kitchen.
Set in its own grounds in the affluent village of Stoke Goldington, alongside a number of quaint cottages, the pub has a separate barn to the rear and ample parking.
The barn area could be converted to a variety of uses or linked to the main property as part of a large residential conversion.
The property has freehold and leasehold opportunities available, but the annual rent for a new lease to a tenant will be £40K.
While the pub may be listed for a pound, the property brochure reveals the freehold opportunity will set you back £775K.
The property was listed on Rightmove and is held by Christie & Co, who commented on the property: ‘Stoke Goldington is an affluent area which is well connected to a number of larger towns. The property would be suitable for a variety of commercial opportunities or for conversion into a wonderful family home (STPP).
‘The landlord would be considering a new lease with a suitable tenant. Some of the terms are open to negotiation (duration, rent review etc) but the annual rent will be £40,000.
‘In terms of business tax, the property has a rateable value of £16,750 (what is paid is half of this amount)
‘The former Malting House pub is situated in the picturesque village of Stoke Goldington, in the Borough of Milton Keynes.
‘It is located four miles north-west of Newport Pagnell, ten miles north of Milton Keynes and 11 miles south-east of Northampton.’
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