Freehold Public House Investment For Sale
The property comprises the ground, basement and first floor of a two storey semi detached building with painted brick elevations beneath a pitched and hipped roof.
Ground Floor: The ground floor provides a front bar servery with informal seating for approximately 22 customers. The main restaurant area is located to the rear and provides seating on loose tables and chairs for 66 customers. Ancillary areas include a trade kitchen, customer WC’s and a cellar to the rear.
First Floor: The first floor provides manager’s accommodation comprising four bedrooms, bathroom, separate WC and store.
Externally: There is large car park to the front elevation providing parking for 20 vehicles and potential for a external trade garden which is currently unused.
The property is held freehold (Title Number WT117699).
The entire property is let to two private individuals on a 20 year lease from 12 June 2013 at a current rent of £40,761 per annum which is subject to five yearly open market reviews and annual RPI increases. A rent deposit of £8,073 is held by the landlord.
The property is not listed but it is situated in the Malmesbury conservation area.
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.
An EPC is in the course of preparation.
We are instructed to invite offers in excess of £475,000 (8.2% NIY) assuming the usual purchasers costs.
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