Pheasant, 59 Station Lane, Oughtibridge, Sheffield, S35 0HS | Property for sale | Savills
3,770 sq ft(350.24 sq m)
£555,000

Pheasant59 Station Lane, Oughtibridge, Sheffield, S35 0HS

  • Freehold

Key features

  • Freehold public house investment
  • Entire property let to a private individual
  • Property arranged over three levels extending to 3,770 Sq Ft (350 Sq M)
  • We are instructed to invite offers in excess of £555,000 (7.55% NIY)
  • Current rent of £43,890 per annum
  • Lease expires April 2042
  • The rent is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year)
  • Business unaffected by sale

Freehold public house investment for sale let until April 2042 at a rent of £43,890 per annum

About this property

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

    Accommodation
    Ground Floor: The ground floor provides an open plan trading area with a central bar servery seating on loose tables, chairs and benches for 65 customers. Ancillary accommodation includes catering kitchen and customer WC’s.

    Basement: Cellar and Stores.

    First Floor: The first floor provides a two bedroom managers flat with kitchen, lounge, bathroom and a number of stores.

    Externally: There is a beer patio to the front for 20 customers and car parking for 10 vehicles to the rear.

    Virtual Tour
    Please see the link below to access the Virtual Tour:

    https://vt.ehouse.co.uk/Sk8fxLmVPCp

    Tenure
    The property is held freehold (Title Number SYK317776).

    Tenancy
    The entire property is let to a private individual on a 20 year lease from 21 April 2022 at a current rent of £43,890 which is subject to five yearly open market reviews and annual uncapped RPI increase (except in the open market review year). A rent deposit of £9,542 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 the purchasing entity is VAT registered.

    EPC
    C - 70

    Terms
    We are instructed to invite offers in excess of £555,000 (7.55% 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.

Local information

  • Located in the village of Oughtibridge, in the county of South Yorkshire, 5.8 miles (9.3 kilometres) north of Sheffield and 35.9 miles (57.4 kilometres) east of Manchester.
  • The Pheasant is situated fronting Station Lane in a residential area which is a short distance east of the centre of the village with a number of independent pubs.

Energy performance

C (70)