Available
Shepton Mallet – Public House with Letting Accommodation
The Prestleigh Inn, Prestleigh, Shepton Mallet, Somerset BA4 4NLFreehold Public House with Parking Investment
Price
£400,000
Rent P.A.
£25,740
Yield
6.43%
Tenure
Freehold
Lease Term
6 Years
Years Left on Lease
5y 8m
Area
4,230 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises public house with 5 en-suite letting rooms and 2-bed owners accommodation
- Property benefits from customer car park and has been newly refurbished in 2024
- Situated on the west side of A371, a main arterial route between Wincanton and Shepton Mallet, providing great amount of traffic and passing cyclist.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises semi-detached public house with restaurant and bar area, 5 en-suite letting rooms and 2-bedroom owners flat, providing the following accommodation and dimensions:
Ground Floor: Open plan bar area, restaurant area, commercial kitchen, storage, office, wc`s, large car parking and seating area
First Floor: 5 en-suite letting rooms, 2-bed owners flat with living room and bathroom/wc
Total GIA: 393 sq m (4,230 sq ft)
Ground Floor: Open plan bar area, restaurant area, commercial kitchen, storage, office, wc`s, large car parking and seating area
First Floor: 5 en-suite letting rooms, 2-bed owners flat with living room and bathroom/wc
Total GIA: 393 sq m (4,230 sq ft)
Tenancy Description
The property is at present let to Prestleigh Inn B&B Limited for a term of 6 years from 18th November 2024 at a current rent of £25,740* p.a. Rent review every 3rd year open market upward only. Tenant option to determine on 18.11.27 min 6 months notice. Deposit held of £5,500.
*Tenant pays reduced rent of £12,870 p.a. for first 6 months. The vendor will top-up rent until 17th May 2025, so the buyer receives the equivalent of £25,740 p.a. from completion.
*Tenant pays reduced rent of £12,870 p.a. for first 6 months. The vendor will top-up rent until 17th May 2025, so the buyer receives the equivalent of £25,740 p.a. from completion.
Tenancies & Accommodation
Location Description
Shepton Mallet is a market town and civil parish, some 16 miles south-west of Bath, 18 miles south of Bristol and 5 miles east of Wells. The property is situated on the west side of A371, a main arterial route between Wincanton and Shepton Mallet, providing great amount of traffic and passing cyclist.
