Freehold public house investment for sale.
Description
The property comprises the ground, basement and first floor of a two storey detached building with brick elevations beneath a multi pitched roof.
Tenure
The property is held freehold (Title Number TGL125040).
Tenancy
The entire property is let to two private individuals on a 20 year lease from 16th May 2014 at a current rent of £39,770 per annum which is subject to five yearly open market rent reviews with the next review in May 2024. A rent deposit of £13,831 is held by the landlord.
Planning
The property is not listed nor is it situated within a conservation area.
Data Room
https://sites.savills.com/tavernportfolio/en/page_171176.php
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
B-35.
Terms
We are instructed to invite offers in excess of £570,000 (6.65% 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
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.
B (35)
Name | sq ft | sq m |
---|---|---|
Unit | 4,878.72 | 453.25 |