Freehold public house investment for sale let until July 2046 at a rent of £45,427 per annum
Description
The property comprises the ground and first floor of a two storey detached building with brick elevations beneath a multi pitched tile roof. There is a detached L shaped accommodation block to the rear of the car park.
Tenure
The property is held freehold (Title Number NK135130).
Tenancy
The entire property is let to Arnold Marsh Limited on a 25 year lease from 20 July 2021 at a current rent of £45,427 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 4%. A rent deposit of £10,946 is held by the landlord.
Planning
The property is not situated within a conservation area, however it is Grade II Listed.
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-99
Terms
We are instructed to invite offers in excess of £510,000 (8.5% 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.