Location
Freehold public house investment for sale let until November 2042 at a rent of £53,550 per annum
Description
The property comprises the ground, basement and first floor of a two storey detached building with painted brick elevations beneath a pitched tiled roof.
Tenure
The property is held freehold (Title Number HD399917).
Tenancy
The entire property is let to Dhesi Pubs Limited on a 20 year lease from 25 November 2022 at a current rent of £53,550 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 £13,334 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
C - 73
Terms
We are instructed to invite offers in excess of £715,000 (7.10% 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.
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 - Ground | 1,339 | 124.40 | Available |
1st - First | 597 | 55.46 | Available |