Available
Holsworthy – Public House with Letting Accommodation
The Olde Market Inn, Holsworthy, Torridge EX22 6AYFreehold Public House with Letting Accommodation Investment
Price
£350,000
Rent P.A.
£24,000
Yield
6.86%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
5y 8m
Area
4,305 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises large village pub inn and restaurant, complete with 3 letting rooms and a separate 3-bedroom owner's accommodation.
- Occupiers close by include number of retail shops, takeaway/restaurants and cafes.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises large village pub arranged as a ground floor bar & restaurant with 3 letting rooms and 3-bed owner`s accommodation at first floor, providing the following accommodation and dimensions:
Ground Floor: Main trade area, lounge with pool table/darts/games, separate restaurant area/function room, commercial kitchen, large beer garden and car park.
First Floor: 3-bed owner’s accommodation with separate kitchen and bathroom and 3 individual en-suite letting rooms.
Total GIA: 400 sq m (4,305 sq ft)
Ground Floor: Main trade area, lounge with pool table/darts/games, separate restaurant area/function room, commercial kitchen, large beer garden and car park.
First Floor: 3-bed owner’s accommodation with separate kitchen and bathroom and 3 individual en-suite letting rooms.
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 3rd January 2024 at a current rent of £24,000 p.a. and the lease contains full repairing and insuring covenants. Rent review 03.01.27 open market upward only. Tenant option to determine on 03.01.27 min 6 months notice. Deposit held of £4,000.
Tenancies & Accommodation
Location Description
Holsworthy is a small English market town and civil parish in the local government district of Torridge, Devon. Exeter, the county town, is 36.4 miles to the east. The River Deer, a tributary of the River Tamar, forms the western boundary of the parish, which includes the village of Brandis Corner. Occupiers close by include number of retail shops, takeaway/restaurants and cafes.
