Available
Christow – Public House
The Artichoke Inn, Village Road, Christow, Exeter, Devon EX6 7NFFreehold Public House Investment
Price
£300,000
Rent P.A.
£23,400
Yield
7.80%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
6y 7m
Area
3,014 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises Grade II Listed public house with restaurant and 3-bedroom owner`s flat
- Benefits from large outdoor seating and large car park, kids play area and garage
- Located at the entrance of Dartmoor National Park in the heart of the desirable village of Christow.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises a public house with 3-bed owner`s accommodation. The pub comes complete with a snug, 3 working fireplaces, beer garden, courtyard, garage and private owners parking, and a separate large car park across the road. The building dates back from the 12th Century and is the only pub in the village, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, kitchen, cellar, wc`s
First Floor: 3 bedrooms, living room, bathroom
Total GIA: 280 sq m (3,014 sq ft)
Ground Floor: Open plan bar & restaurant, kitchen, cellar, wc`s
First Floor: 3 bedrooms, living room, bathroom
Total GIA: 280 sq m (3,014 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 6 Years 11 Months from 20th November 2024 at a current rent of *£23,400 p.a. and the lease contains full repairing and insuring covenants. Rent review on 20.10.27 and 20.10.30 open market upward only. Tenant option to determine on 20.10.27 with min 6 months notice. Deposit held of £5,000.
*Tenant pays reduced rent of £20,800 p.a. until 19.10.25. Vendor will top-up rent until 19.10.25 so the buyer receives £23,400 p.a. from completion.
*Tenant pays reduced rent of £20,800 p.a. until 19.10.25. Vendor will top-up rent until 19.10.25 so the buyer receives £23,400 p.a. from completion.
Tenancies & Accommodation
Location Description
Christow is a village and civil parish in the Teignbridge district of Devon, England, about 12 miles southwest of Exeter. The village is in the Teign Valley, just off the B3193 road that links Chudleigh and Dunsford. The property is located at the entrance of Dartmoor National Park in the heart of the desirable village of Christow.
