Freehold public house investment for sale let until April 2042 at a rent of £68,140 per annum
Description
The property comprises the ground and first floor of a two storey detached building with painted brick elevations beneath a part pitched and part flat roof.
Virtual Tour
Please see the link below to access the Virtual Tour:
https://vt.ehouse.co.uk/tq9T6qPFWH2
Tenure
The property is held freehold (Title Number BK323664).
Tenancy
The entire property is let to two private individuals on a 20 year lease from 22 April 2022 at a current rent of £68,140 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 1% and cap of 4% (except in the open market review year). A rent deposit of £16,610 is held by the landlord.
Planning
The property is not listed or 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 the purchasing entity is VAT registered.
EPC
D - 81
Terms
We are instructed to invite offers in excess of £1,000,000 (6.45% NIY) assuming the usual purchaser's 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.
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.
Name | sq ft | sq m | Availability |
---|---|---|---|
Ground | 3,236 | 300.63 | Coming Soon |
1st | 795 | 73.86 | Coming Soon |
Building - Studio | 196 | 18.21 | Available |
Outdoor - Alfresco Dining | 1,208 | 112.23 | Available |