Golden Fleece, Folly Lane, Melksham, SN12 8HB

Description
The subject property comprises a two storey detached public house with traditional rendered elevations under a pitched tiled roof. There is a single storey extension to the front of the property with stone elevations also under a pitched tiled roof.

The site is rectangular in shape and has an approximate site size of 0.324 acres (0.131 hectares).

Accommodation
Ground Floor: Upon entering the property at ground floor level is a central bar servery with restaurant seating on either side for approximately 80 customers. To the right of the ground floor are customer WC facilities, with additional seating for approximately 25 customers within a rear conservatory. A commercial kitchen and store areas are also provided.

First Floor: First floor level comprises of two double bedrooms, two single bedrooms, an office and shared bathroom.

Externally: Externally there is a reasonably sized trade garden to the rear of the property with seating arranged across loose benches for approximately 52 customers and a tarmacadam car park located to the left elevation with up to 22 spaces.

The property has a Gross Internal Area of approximately 3,326 sq ft (309 sq m).

Tenure
The property is held freehold (Title Number WT123160).

Tenancy
The entire property is let to a private tenant on a 20 year lease from 17th February 2016 to 16th February 2036 at a current rent of £39,658 per annum, which is subject to 5 yearly reviews to the higher of the open market or RPI. A rent deposit of £12,500 is held by the landlord.

Planning
The property is not listed nor is it located within a conservation area. The Local Authority is Wiltshire Council.

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-51

Terms
We are instructed to invite offers in the order of £495,000 (7.65% 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.

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.