Skylark, Clearbrook, Yelverton, PL20 6JD | Property for sale | Savills
0.37 Ac(0.15 Ha)
£515,000

SkylarkClearbrook, Yelverton, PL20 6JD

  • Freehold

Key features

  • Freehold public house investment
  • Entire property let to a private individual
  • Current rent of £48,524 per annum
  • Lease expires May 2038
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases
  • We are instructed to invite offers in excess of £515,000 (8.99% NIY)
  • Business unaffected by sale

Freehold Public House Investment For Sale

About this property

  • Description
    The property comprises the ground and first floor of a two storey detached building with painted and rendered elevations beneath a pitched roof.

    Ground Floor: The ground floor provides a raised dining area to the front and a bar area to the rear with bar servery to the side and seating on loose tables, chairs and benches for 54 customers. Ancillary areas include a trade kitchen, cellar and customer WC’s.

    First floor: The first floor comprises manager’s accommodation including three bedrooms, office, kitchen, living room and bathroom.

    Externally: There is a beer garden to the rear with seating on loose tables and chairs for 65 customers alongside an outbuilding used for storage and a workshop. A car park is situated to the side elevation for 12 vehicles.

    Tenure
    The property is held freehold (Title Number DN319813).

    Tenancy
    The entire property is let to a private individual on a 20 year lease from 1 June 2018 at a current rent of £48,523 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £3,554 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 that the purchasing entity is VAT registered.

    EPC
    E-118.

    Terms
    We are instructed to invite offers in excess of £515,000 (8.99% NIY) assuming the usual purchasers costs.

    Money Laundering
    Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

    Viewings & Contacts
    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.

Local information

  • Located in the village of Clearbrook in the County of Devon, 8.1 miles (13.0 kilometres) north east of Plymouth and 37.7 miles (60.7 kilometres) south west of Exeter. Clearbrook is a rural area located in close proximity to Dartmoor National Park.
  • The Skylark is situated fronting an unnamed lane which bisects the village where Clearbrook Village Hall is also located.

Energy performance

E (118)

Available space

Namesq ftsq mAvailability
Ground1,496138.98Available
1st97290.30Available
Basement41938.93Available