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Freehold Public House Investment For Sale
Description
The property comprises the ground and first floor of a two storey mid terrace building with brick elevations beneath a pitched roof. The property has been extended to the rear.
Ground Floor: The ground floor provides a bar area to the front and dining room to the rear with a bar servery to the side and seating on loose tables and chairs for 50 customers. Ancillary areas include a trade kitchen, customer WCs and beer cellar.
First Floor: The first floor provides manager’s accommodation comprising three bedrooms, kitchen, living room, bathroom and WC.
Externally: There is a large trade patio to the rear with a separate bar servery, which is partly covered by a marquee with seating on loose tables and chairs for 50 customers.
Additional seating is provided to the front elevation for a further 12 customers.
Tenure
The property is held freehold (Title Number BM210178).
Tenancy
The entire property is let to a private individual on a 20 year lease from 7 June 2012 at a current rent of £64,000 per annum which is subject to five yearly open market reviews.
Planning
The property is Grade II Listed and is situated within The Denham Conservation Area.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered.
EPC
An EPC is in the course of preparation.
Terms
We are instructed to invite offers in excess of £925,000 (6.70% NIY) assuming the usual purchasers costs.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings & Contacts
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.
For further information and all viewing requests please contact the sole selling agents Savills.
Virtual Tour
https://vt.ehouse.co.uk/rq3LutM46so
Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Name | sq ft | sq m | Availability |
---|---|---|---|
Unit | 5,109.59 | 474.70 | Available |