Freehold public house investment for sale
Description
The property comprises the ground and first floor of a two storey detached corner building with rendered and painted brick elevations beneath a multi pitched roof.
Accommodation
Ground Floor: The ground floor provides the customer trading area with a split bar servery. The front bar provides an informal seating area and stage with the back bar providing a games area and seating for approximately 80 customers. Ancillary areas comprise customer WC's, trade kitchen, cellar and stores.
First Floor: The first floor comprises manager's accommodation with three bedrooms, lounge, dining room, kitchen, bathroom and WC.
Externally: There is a covered trade terrace to the side with seating for approximately 40 customers. To the rear is car parking for approximately 13 vehicles.
Tenure
The property is held freehold (Title Number HP439547).
Tenancy
The entire property is let to a private individual on a 20 year lease which expired on 13 September 2014. The tenant has been holding over since expiry.
Planning
The property is not listed nor is it not located 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 the purchasing entity is VAT registered.
EPC
D - 91
Terms
We are instructed to invite offers in excess of £725,000 (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.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing: https://sites.savills.com/tavernportfolio
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.