Wellington HotelTown Lane, Hale Village, Liverpool, L24 4AG

Description
The two-storey, detached property is arranged over ground, basement, first and second floor with partially rendered and painted brick elevations
beneath a multi-pitched, slate covered roof. To the side and rear, there are a number of single and two storey extensions.

The site area is approximately 1.307 acres.

Accommodation
Ground Floor:
The ground floor provides a central bar servery with a traditional pub lounge and games area to the front elevation consisting of 45
covers. To the rear of the Property, there is an additional lounge and conservatory dining area with seating for 72 customers.

Ancillary areas include customer WC’s, commercial kitchen, stores and boiler room.

First Floor:
The first floor comprises a function room with a stage and bar servery consisting of 64 covers. There is also a former function room, stores and customer WC’s.
There is a self-contained manager’s flat comprising a living room, bathroom, domestic kitchen, office, WC and 4 bedrooms.

Second Floor:
The second floor comprises an additional bedroom and bathroom.

External:
To the front and side of the Property, there is a beer patio with seating for 90 customers as well as parking for 52 vehicles to the
north side of the Property. To the rear of the Property, there is a former bowling green.

Planning
We understand that the property is not listed nor is it situated within a Conservation Area.

Rateable Value
£28,000

EPC
D-77

Tenure
The Property is held freehold (Tile Number CH431799), subject to and with the benefit of an Occupational Lease to Marston’s Plc (Company Number
00031461).

Tenancy
The property is let to Marston’s Plc on a fully repairing and insuring lease, subject to a schedule of condition, for a term expiring on 22nd November
2031. The lease is drawn within the Security of Tenure provisions of the Landlord & Tenant Act 1954.
The passing rent of £43,473 p.a. The lease is subject to an upward-only rent review on 23rd November 2026, in line with RPI, with a collar of 1%
and a cap of 3%. The rent will be “topped-up” to £50,385 p.a. in line with the RPI provisions.

Terms
We are instructed to invite offers in excess of £640,000 (£63/SQ FT) which reflects a Net Initial Yield of 7.50% after deducting the usual
purchasers costs.

The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.

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.

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.

Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff. For further information and all viewing requests please contact the sole selling agents Savills.