Freehold Public House Investment For Sale
Description
The property comprises the ground and first floor of a two storey detached building with painted wood clad elevations beneath a pitched and hipped roof.
Ground Floor: The ground floor provides a traditional lounge bar and public bar with interconnecting central bar servery and seating on loose tables, chairs and bench seating for 36 customers. Ancillary areas include a domestic kitchen and two sets of customer WC’s.
First Floor: The first floor provides the manager’s accommodation comprising two bedrooms, bathroom, lounge, kitchen and office.
Externally: There is a part enclosed customer area to the rear with seating on loose tables and chairs for 42 customers. There is a detached outbuilding currently used for stroage and car parking to the side elevation for 8 vehicles.
Virtual Tour
https://vt.ehouse.co.uk/i43pHuvyp7f
Tenure
The property is held freehold (Title Number EX233319).
Tenancy
The entire property is let to three private individuals on a 20 year lease from 20 September 2011 at a current rent of £45,000 per annum which is subject to five yearly open market reviews.
Planning
The property is not listed or situated within a conservation area.
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
D-96.
Terms
We are instructed to invite offers in excess of £615,000 (6.96% NIY) assuming the usual purchasers costs.
EPC Rating is D (96)
Name | sq ft | sq m |
---|---|---|
Basement | 469 | 43.57 |
Ground | 2,061 | 191.47 |
1st | 1,691 | 157.10 |
Outdoor - Garage | 635 | 58.99 |