Available
Colyford – Public House
Wheelwright Inn, Swan Hill Road, Colyford, Colyton EX24 6QQFreehold Public House Investment
Price
£380,000
Rent P.A.
£26,000
Yield
6.84%
Tenure
Freehold
Lease Term
6 Years
Years Left on Lease
3m
Area
3,767 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor public house with first floor ancillary accommodation
- Benefits from private car park and outdoor seating area
- Nearby occupiers include Lower Orchard B&B, local grocery store, Shell petrol station, Chipperfield Antiques, amongst other local traders and residential neighbourhood.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises detached public house arranged as a ground floor main bar and separate dining room with first floor ancillary accommodation. The property benefits from large car park and outdoor seating, providing the following accommodation and dimensions:
Ground Floor: Open plan bar, kitchen, store, wc`s
First Floor: Ancillary accommodation
Total GIA: 350 sq m (3,767 sq ft)
Ground Floor: Open plan bar, kitchen, store, wc`s
First Floor: Ancillary accommodation
Total GIA: 350 sq m (3,767 sq ft)
Tenancy Description
The property is at present let to Individuals for a term of 6 years from 12th June 2019 at a current rent of £26,000 p.a. and the lease contains full repairing and insuring covenants. Break clause in 2022 NOT exercised. Rent review in 2022 outstanding. Deposit held £7,800.
Tenancies & Accommodation
Location Description
The historic coastal resorts of Lyme Regis and Sidmouth are both within easy reach of the Wheelwright, and even nearer are the Victorian sea-side town of Seaton and the renowned fishing village of Beer. Colyford itself and nearby Colyton both have long and varied histories, and the market town of Axminster is a short distance away. Axminster also offers the nearest mainline train station to the Wheelwright, with services to Exeter and London, and buses connecting Axminster, Seaton, Honiton, and Beer stop right outside the pub.
