The White Bear, 133 St. Michael's Hill, Bristol, BS2 8BS | Property for sale | Savills
4,958 sq ft
Excess of £840,000

The White Bear133 St. Michael's Hill, Bristol, BS2 8BS

  • Freehold

Key features

  • Freehold public house investment
  • Entire property let to White Bear SWBG Bristol Limited
  • Property arranged over two levels extending to 4,958 Sq Ft (461 Sq M)
  • Current rent of £64,827 per annum
  • We are instructed to invite offers in excess of £840,000 (7.30% NIY)
  • Lease expires August 2042
  • The rent is subject to five yearly open market rent reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year)
  • Business unaffected by sale

Freehold public house investment for sale let until August 2042 at a rent of £64,827 per annum

About this property

  • Description
    The property comprises the ground, basement, first floor and second floors of a three storey terrace building with painted rendered elevations beneath a pitched roof.

    Virtual Tour
    Please see the link below to access the Virtual Tour:

    https://vt.ehouse.co.uk/D3YhKadZW6r

    Accommodation
    Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 80 customers.

    Basement: Cellar and Stores.

    First Floor: The first floor comprises a trade kitchen, office with bathroom, large function room for 80 customers and customer WC's. Access is provided from both the ground floor trading area and via a separate external access from the front elevation.

    Second floor:
    The second floor comprises two double bedrooms, bathroom, living room, kitchen and a single bedroom.

    Externally: There is an enclosed customer area to the side with seating on loose tables and chairs for 44 customers.

    Tenure
    The property is held freehold (Title Number AV235528).

    Tenancy
    The entire property is let to White Bear SWBG Bristol Limited on a 20 year lease from 17 August 2022 at a current rent of £64,827 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £15,740 is held by the landlord.

    Planning
    The property is Grade II Listed and is situated within St Michael's Hill and Christmas Steps 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
    E-109

    Terms
    We are instructed to invite offers in excess of £840,000 (7.30% NIY) assuming the usual purchasers costs.

    Fixtures & 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.

    Viewing
    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.

Local information

  • Located in the city of Bristol in south west England, approximately 14.0 miles (22.4 kilometres) west of Bath and 36.2 miles (57.9 kilometres) south of Gloucester.
  • The White Bear is situated fronting St Michael's Hill in a mixed commercial and residential area and a short distance north of the University of Bristol with a student population of 30,000.

Available space

Namesq ftsq mAvailability
Ground - Ground1,986184.51Available
Basement - Basement50647.01Available
1st - First1,411131.09Available
2nd - Second1,05598.01Available