Woodman Arms, 29 High StreetNormanby, Middlesbrough, TS6 0NH

Description
The Property comprises a two storey semi detached public house of painted brick elevations beneath a pitched slate covered roof. Single storey extension to the rear. To the rear is an enclosed beer patio with seating for 50 customers.

Viewings
All viewings must be arranged strictly by appointment with the sole selling agents Savills.

Terms
We are instructed to invite offers in excess of £495,000 (9.69% 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.

Accomodation
Ground floor traditional trading accommodation providing a wooden floored public bar and a carpeted lounge with an inter-linking bar servery. Customer toilets and former catering kitchen. First floor living accommodation. Beer cellar and stores to the basement.

Tenure
The Property is held freehold.

The entire Property is let on a 20 year lease to Northern Bay Leisure Ltd commencing 7th October 2011. Current rental of £48,000 per annum, subject five yearly rent reviews.

VAT
It is envisaged that the Property will be sold as a TOGC so the transaction should therefore be exempt from VAT.

Planning
Our enquiries of the local authority have revealed that the Property is not listed nor within a Conservation Area.