Available
Luxborough – Public House with Letting Accommodation
The Royal Oak Inn, Luxborough, Somerset TA23 0SHFreehold Public House with Letting Accommodation Investment
Price
£500,000
Rent P.A.
£39,000
Yield
7.80%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
2y 4m
Area
6,254 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises large public house with restaurant, 2 beer gardens and large car park
- Includes 9 letting rooms and 2-bedroom owner`s accommodation
- Conveniently located within Exmoor National Park in Somerset, in the village of Luxborough
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises large trade area (30ppl), lounge bar/dining area (45ppl), separate dining room (25ppl), commercial catering kitchen, large front riverside beer garden and rear enclosed courtyard which allows seating for another 70 people, providing the following accommodation and dimensions:
The property has owner’s accommodation with 2 en-suite double bedrooms and a lounge and letting accommodation with 9 individual letting rooms ranging from master suites to standard doubles.
Ground Floor: Open plan bar & restaurant, kitchen, beer garden, storage
First Floor: 9 letting rooms and 2-bed owner`s accommodation
Total size of 581 sq m (6,254 sq ft)
The property has owner’s accommodation with 2 en-suite double bedrooms and a lounge and letting accommodation with 9 individual letting rooms ranging from master suites to standard doubles.
Ground Floor: Open plan bar & restaurant, kitchen, beer garden, storage
First Floor: 9 letting rooms and 2-bed owner`s accommodation
Total size of 581 sq m (6,254 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 6 years 11 Months from 4th September 2020 at a current rent of £39,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 04.09.26 open market upward only. Rent review from 2023 outstanding. Tenant break option in 2023 NOT exercised. Deposit held of £6,500.
Tenancies & Accommodation
Location Description
This pub is conveniently located just inside the beautiful Exmoor National Park in Somerset, in the village of Luxborough. This village has easy access and sees scores of people coming to the area year-round to enjoy everything the park has to offer. The village has a hunting party business that operates in the autumn, bringing in guests. There is great hiking in the surrounding area attracting guests year-round.
