Devon Village Freehouse Tenancy Available

Property Information

Property:

Tenancy

Tenancy Terms:

TENANCY - £10,000 is the minimum capital the Tenant should have available to consider this business.
FURNISHED - This lease is to be a furnished let, with the freeholder retaining ownership of the fixtures & fittings. The lessee to repair and replace like for like.
TERM - For a term of 3 years.
LANDLORD & TENANT ACT 1954 - Outside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY - Non assignable.
INSURANCE - The landlord will insure the building, the cost of which will be charged to the tenant by the way of insurance rent.
DEPOSIT - The Landlord may require a deposit equivalent to one quarter of the annual rent.
RENT - £16,000 per annum paid monthly in equal amounts in advance.
RENT REVIEW - No rent review during 3 year term.
REPAIR LIABILITY - Part repairing and insuring lease. The freeholder will retain responsibility for the structure of the building. The lessee will be responsible for the internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
TIE - Free of all trade ties.
VAT - VAT will be payable on rental payments.

Tenancy Rent:

£16,000 per annum

Living Accommodation:

OWNERS ACCOMMODATION
FIRST FLOOR
Split level rear LOUNGE, KITCHENETTE. BATHROOM AND WC. THREE BEDROOMS (two doubles and one single).

Location:

The Cadeleigh Arms stands in the centre of the village of Cadeleigh which occupies high ground in the hills above the valley of the River Exe about 9 miles north of the city of Exeter and 4 miles south-west of the regional town of Tiverton. Tiverton is served by the North Devon link road and has quick access to the M5 motorway.

The Cadeleigh Arms is a detached country free house benefitting from good outside space to capture the panoramic long range views over the mid-Devon countryside.

The Cadeleigh Arms was acquired by a community group in 2012 with the purpose of protecting the Cadeleigh Arms as a country village freehouse which the directors hold as an investment and let the premises on lease to a tenant.

Energy Performance Rating:

D