Somerset - Village Freehouse On Main Road For Sale

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

LEASEHOLD - Nil Premium
TERM - Seven years
LANDLORD & TENANT ACT 1954 - Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY - Fully assignable subject to Landlord’s consent
BOND - A bond equivalent to 3 months’ rent in advance
RENT - £15,000 per annum, paid monthly in advance
RENT REVIEW - Subject to rent reviews every third year of the term at Open Market Rent
REPAIR LIABILITY - Part repairing and insuring lease agreement. 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
FIXTURES & FITTINGS - Will be retained by the Landlord. The Tenant will be responsible for their repair, maintenance and replacement (when beyond repair on a like for like basis)
TIE - Free of all trade ties
INSURANCE - The Landlord will insure the building and the contents of the inventory, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT - VAT will be payable on the rental payments

Leasehold Rent:

£15,000 per annum

Living Accommodation:

OWNERS ACCOMMODATION
Located at first floor comprising TWO DOUBLE BEDROOMS (one with EN-SUITE BATHROOM), SINGLE BEDROOM with EN-SUITE SHOWER ROOM, domestic KITCHEN DINER and LOUNGE.

Location:

TRADE AREAS
MAIN BAR is split into two areas with a mix of fitted carpet and tiled floor, exposed timbers, log burning stove, a polished top bar servery and seating for around 40 customers. A quaint SNUG near main entrance with exposed timbers and seating for 8.

LOUNGE AREA provides seating for 16 customers, has wooden floorboards and partial exposed stone walls. Open plan FUNCTION ROOM with skittle alley and log burning stove. This room is ideal for private events and could seat over 50 customers.

LADIES & GENTLEMEN’S TOILETS. CATERING KITCHEN: Fitted with nonslip flooring, hygienic wall cladding, stainless steel equipment, extraction and splashback. Adjacent is the preparation and wash up room, with a small utility/store room. ON LEVEL CELLAR.

OWNERS ACCOMMODATION
Located at first floor comprising TWO DOUBLE BEDROOMS (one with EN-SUITE BATHROOM), SINGLE BEDROOM with EN-SUITE SHOWER ROOM, domestic KITCHEN DINER and LOUNGE.

EXTERNAL
TRADE PATIO to seat circa 50 with steps leading to lawned GARDEN which can seat a further 40. LARGE PRIVATE OWNERS GARDEN. CAR PARK for circa 20 vehicles.

Other Information

Leasehold asking price:

Undisclosed