Ye Olde Sun11 Huntingdon Street, St. Neots, PE19 1BL

Description
The property comprises the ground and first floor of a two storey detached building with painted and timber elevations beneath a pitched roof. There is a small single storey outbuilding in the rear yard.

Ground Floor: The ground floor provides an open plan trading area with small dining room to the rear with a central bar servery and seating on loose tables, chairs and bench seating for 48 customers. Ancillary areas include a trade kitchen and customer WC’s.

First Floor: The first floor comprises manager’s accommodation providing two bedrooms, living room, bathroom, kitchen and office. Externally: There is a patio to the rear with seating on loose tables and chairs for 12 customers. There is also a small single storey outbuilding to the rear yard providing the beer cellar.

Tenure
The property is held freehold (Title Number P184894).

Tenancy
The entire property is let to a private individual on a 10 year lease from 2 September 2021 at a current rent of £29,000 per annum which is subject to five yearly open market rent reviews and annual RPI increases subject to a collar of 2% and cap of 4%. A rent deposit of £5,398 is held by the landlord.

Planning
The property is not listed but is situated within in St Neots 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 that the purchasing entity is VAT registered.

EPC
C-65

Terms
We are instructed to invite offers in excess of £395,000 (7.59% NIY) assuming the usual purchasers costs.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings & Contacts
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.