Available
Long Sutton – Public House with Letting Accommodation
The Granary, 5 Market Street, Long Sutton, Spalding PE12 9DDFreehold Public House with Letting Accommodation Investment
Price
£380,000
Rent P.A.
£30,000
Yield
7.89%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
4y 10m
Area
4,305 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises part-two, part-three storey public house with restaurant
- Includes with 5 letting rooms and 1-bed owner`s accommodation
- Occupiers close by include Boots Pharmacy, One Stop and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises part-two, part-three storey public house arranged as a ground floor bar & restaurant with 5 letting rooms and 1-bed owner`s accommodation. The property benefits from beer garden and provides the following accommodation:
Ground Floor: Open plan bar & restaurant, kitchen, wc`s
First/Second Floor: 5 en-suite letting rooms, 1-bed mangers accommodation with kitchen and bathroom
Total GIA: 400 sq m (4,305 sq ft)
Ground Floor: Open plan bar & restaurant, kitchen, wc`s
First/Second Floor: 5 en-suite letting rooms, 1-bed mangers accommodation with kitchen and bathroom
Total GIA: 400 sq m (4,305 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 6 Years 11 Months from 7th March 2023 at a current rent of £30,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 07.03.26 and 07.03.29 open market upward only. Tenant option to determine on 07.03.26 with min 6 months notice. Deposit held of £5,500.
Tenancies & Accommodation
Location Description
Long Sutton is a market town in the South Holland district of Lincolnshire, England. It lies in The Fens, close to the Wash, 13 miles (21 km) east of Spalding. The property is located in the town centre with occupiers nearby including Boots Pharmacy, One Stop and more.
