Location
Freehold public house investment for sale
Description
The property comprises the ground, and first floor of a two storey detached building with rendered and painted elevations beneath a multi pitched roof.
Accommodation
Ground Floor: The ground floor provides an L shaped customer trading area with a central bar servery and seating for approximately 50 customers. Ancillary areas comprise customer WC's, trade kitchen, beer cellar and stores.
First Floor: The first floor comprises staff accommodation with kitchen, five rooms, office and bathroom.
Externally: There is a beer garden to the rear which is part covered with seating for approximately 80 customers.
Tenure
The property is held freehold (Title Number SY703211).
Tenancy
The entire property is let to Sexton's Bar Limited on a 20 year lease from 31 January 2017 at a current rent of £82,431 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (expect in the open market review year). A rent deposit of £15,811 is held by the landlord.
Planning
The property is not listed however, it is situated within Weston Green 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 - 98
Terms
We are instructed to invite offers in excess of £1,190,000 (6.5% 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.