Freehold Public House Investment For Sale
Description
The property comprises the ground and first floor of a two storey detached building with painted timber clad elevations beneath a pitched roof.
Ground Floor: The ground floor provides an open plan L shaped trading area with a central bar servery and seating on loose tables, chairs and bench seating for 54 customers. Ancillary areas include the trade kitchen, customer WC’s, cellar and the former residential bathroom which is currently used as a utility room.
Basement: Cellar and stores.
First Floor: The first floor provides the manager’s accommodation comprising three bedrooms.
Externally: There is a beer garden to the front with seating on loose tables and chairs for 100 customers. The is a gravel car park to front and rear for 16 vehicles.
Virtual Tour
https://vt.ehouse.co.uk/N3cCL1X8SdY
Tenure
The property is held freehold (Title Number HD400203).
Tenancy
The entire property is let to Ariann Leisure Ltd on a 20 year lease from 16 March 2016 at a current rent of £52,735 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £12,888 is held by the landlord.
Planning
The property is Grade II Listed but it is not situated within a conservation area. It is situated in the Green Belt.
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 £750,000 (6.94% NIY) assuming the usual purchasers costs.
Name | sq ft | sq m | Availability |
---|---|---|---|
Ground | 2,303 | 213.96 | Available |
1st | 466 | 43.29 | Available |
Ancillary | 155 | 14.40 | Available |