Public house investment for sale
Description
The property comprises a three storey end of terrace building of traditional construction with rendered and painted elevations beneath a multi-pitched slate roof.
Ground Floor
The ground floor provides an open plan trading area with central bar servery, with informal seating to the front and a pool / games area to the rear. Ancillary areas include a small catering kitchen, customer WC's.
First Floor:
Snooker room with external entrance. Split level living accommodation consisting of three bedrooms, kitchen, lounge and bathroom.
Second Floor:
Living accommodation.
Externally:
There is a trade terrace to the rear with loose tables and chairs for approximately 24 customers.
Tenure
The property is held freehold (Title Number ESX181078)
Tenancy
The entire property is let to two private individuals on a 20 year lease from 8 December 2021 at a current rent of £36,000 per annum which is subject to five yearly open market reviews. A rent deposit of £9,307 is held by the landlord.
Planning
The property is not listed nor situated within a 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
D-87.
Terms
We are instructed to invite offers in excess of £455,000 (7.6% 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 purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings and 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.
D (87)