Spice Merchant, 36 Holloway, Malmesbury, SN16 9HX | Property for sale | Savills
3,594 sq ft(333.89 sq m)
Excess of £475,000

Spice Merchant, 36 HollowayMalmesbury, SN16 9HX

  • Freehold

Key features

  • Freehold public house investment
  • Entire property let to an individual operator
  • Current rent of £40,761 per annum
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases
  • Lease expires in June 2033
  • We are instructed to invite offers in excess of £475,000 (8.2% NIY)
  • Business unaffected by sale

Freehold Public House Investment For Sale

About this property

  • Description
    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.

    Virtual Tour
    https://vt.ehouse.co.uk/m8yA8fqMyjZ

    Tenure
    The property is held freehold (Title Number WT117699).

    Tenancy
    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.

    Planning
    The property is not listed but it is situated in the Malmesbury 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
    An EPC is in the course of preparation.

    Terms
    We are instructed to invite offers in excess of £475,000 (8.2% NIY) assuming the usual purchasers costs.

Local information

  • Malmesbury is an attractive market town situated approximately 16 miles (25 kilomeres) west of Swindon and 10 miles (16 kilometres) north of Chippenham. The M4 motorway is conveniently located 5 miles (8 kilometres) to the south of the town and is accessed via the A429.
  • The Spice Merchant is located on the west side of Holloway (B4040) at its junction with Blicks Hill.

Available space

Namesq ftsq mAvailability
Ground2,353218.60Available
1st92185.56Available
Ancillary32029.73Available