Horse & Groom, Rushlake GreenTN21 9QE

Description
The property comprises an attractive detached building arranged over two levels. The building is constructed of rendered brick with a pitched clay tiled roof and single glazed fenestration. Externally, there is a car park to the front and a beer garden to the front and side.

Internally the pub is traditional and cosy in style with exposed beams and wood panelling. The bar is positioned centrally with seating either side.

Planning
The property is Grade II Listed.
The property does not lie within a conservation area.
The property currently holds A4 ’Sui Generis’ planning use class consent.
The Local Authority for the property is Wealden District Council.

Tenure
Freehold

Tenancy
Commencement of Lease: 16th March 2018
Inside the L&T Act 1954 II: Yes
Current rent per annum: £35,000
Annual RPI Increase: No
Stepped Increases Yes – £40,000pa (16/03/21)
Next Rent Review: 16th March 2023
Rent Review: Market Rent
Lease Expires: 15th March 2028
Break Clause: Yes - Tenant break 16th March 2023

Covanent
The property is let to a private individual

Rateable Value
£29,500

Price
£425,000, representing a Net Initial Yield of 9.02%