Character Cotswold village centre public house
Open plan lounge and bar
2 bed owners accommodation
Trade kitchen
Large garden
Currently closed and unfurnished
FREEHOLD £415,000 for the freehold premises only.
OVERAGE :
The property is being sold with an overage. This covenant will be 80 years in length with 80% of any profit realised due to alternative use development being payable to the beneficiaries.
Or alternatively: -
LEASEHOLD Nil Premium
TERM: Negotiable. Client is prepared to consider applications for any term length.
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY: Fully assignable subject to Landlord’s consent
DEPOSIT: A deposit equivalent to 6 month’s rent in advance plus personal guarantors if the lease is taken as a Limited Company
RENT: £36,000 per annum paid monthly in advance, however our client appreciates that as the business is currently unfurnished and closed, that applications with a reduced initial or rent free period will be considered
RENT REVIEW: Subject to rent reviews every third year of the term
REPAIR LIABILITY: This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property. The Landlord will cover the cost of replacing the windows within six months of the lease and contribute to the refurbishment costs,
TIE: Free of all trade ties
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will not be payable
