Freehold public house investment for sale let until June 2031 at a rent of £39,480 per annum
Description
The property comprises the ground, basement, first and second floors of a three storey end of terrace building with painted, rendered and tiled elevations beneath a pitched roof.
Virtual Tour
Please see the link below to access the virtual tour for the Pub:
https://vt.ehouse.co.uk/2ZKprXcQ3Sv
Tenure
The property is held freehold (Title Number ESX251210).
Tenancy
The entire property is let to a private individual on a lease expiring 30 June 2031 at a current rent of £39,480 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £9,217 is held by the landlord.
Planning
The property is not listed but is situated within North Laine 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 the purchasing entity is VAT registered.
EPC
C - 64
Terms
We are instructed to invite offers in excess of £535,000 (7.0% NIY) assuming the usual purchasers costs.
Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings
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.
Name | sq ft | sq m | Availability |
---|---|---|---|
Basement | 417 | 38.74 | Coming Soon |
Ground | 636 | 59.09 | Coming Soon |