Freehold Bar Investment
The Property comprises a three storey mid terraced building of brick construction. To the rear is a small decked area for 15 customers.
All viewings must be arranged strictly by appointment with the sole selling agents Savills.
We are instructed to invite offers in excess of £350,000 (8% Gross Initial Yield).
The business will continue to trade unaffected from the premises during the marketing of the Property and post completion of the sale.
Open plan ground floor bar with single bar servery. Fixed booth seating with exposed brick walls and timber flooring. First floor storage and office. Three bed living accommodation to the second floor. Beer cellar and stores to the basement.
The Property is held freehold. The entire Property is let on a 10 year lease to S Westwood commencing 24th February 2014. Current rental of £28,003 per annum, subject to annual RPI linked rental increases.
It is envisaged that the Property will be sold as a TOGC so the transaction should therefore be exempt from VAT.
Our enquiries of the local authority have revealed that the Property is not listed and is within a Conservation Area.
|Floor / Unit||Type||Size||Status|
|Unit (Whole site)||-||0.05 Acres||Coming Soon|