Freehold Public House Investment
Description
The property comprises the ground and first floor of a two storey detached building with brick and hung tile elevations beneath a pitched roof.
Ground Floor: The ground floor provides an open plan bar and separate dining area to the rear with a central bar servery and seating on loose tables, chairs and bench seating for 42 customers. Ancillary areas include a trade kitchen, customer WC’s and a separate cellar to the rear.
First Floor: The first floor provides manager’s accommodation comprising three bedrooms, bathroom and lounge.
Externally: There is a patio and beer garden to the side and rear with seating on loose tables and chairs for 40 customers. There are two car parks which provide parking for approximately 25 vehicles.
Virtual Tour
https://vt.ehouse.co.uk/XJwC5HMNwJa
Tenure
The property is held freehold (Title Number EX253216).
Tenancy
The entire property is let to two private individuals on a 20 year lease from 16 May 2013 at a current rent of £39,500 per annum which is subject to three yearly open market reviews. A rent deposit of £6,346.45 is held by the landlord.
Planning
The property is Grade II Listed but it is not situated within a conservation area.
Data Room
https://sites.savills.com/tavernportfolio/en/page_171176.php
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 £520,000 (7.18% 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.
Name | sq ft | sq m | Availability |
---|---|---|---|
Ground | 1,728 | 160.54 | Available |
1st | 1,026 | 95.32 | Available |