Available
Brixham – Public House with Letting Accommodation
The Burton Hotel, 23 Burton Street, Brixham, Devon TQ5 9HZFreehold Public House with Letting Accommodation Investment
Price
£380,000
Rent P.A.
£28,600
Yield
7.53%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
1y 7m
Area
3,122 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises three-storey public house with 6 bedrooms, beer garden and large car park
- Situated in predominantly residential area withing 7 minutes walk from the seafront
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Three-storey detached building comprising ground floor pub & restaurant with beer garden and parking. First floor provides 3 bedrooms (2 en-suite) and storage. Second floor provides 3 bedrooms with lounge and bathroom, providing the following accommodation and dimensions:
Ground Floor: Bar & restaurant, kitchen, storage, wc`s
First Floor: 3 bedrooms (2 en-suite)
Second Floor: 3 bedrooms, lounge, bathroom
Total GIA: 290 sq m (3,122 sq ft)
Ground Floor: Bar & restaurant, kitchen, storage, wc`s
First Floor: 3 bedrooms (2 en-suite)
Second Floor: 3 bedrooms, lounge, bathroom
Total GIA: 290 sq m (3,122 sq ft)
Tenancy Description
The property is at present let to Burton Hotel Brixham Ltd (with personal guarantee) for a term of 6 Years 11 Months from 1st December 2019 at a current rent of £28,600 per annum and the lease contains full repairing and insuring covenants. Rent review on 01.12.25 open market upward only. Rent review from 2022 outstanding. Deposit held of £4,766.67.
Tenancies & Accommodation
Location Description
Brixham is a fishing town and civil parish in the district of Torbay in the county of Devon, in the south-west of England. Frequent buses taking 25 minutes connect Brixham with the national rail network at Paignton, where the bus station is conveniently situated opposite the rail station. Trains from Paignton run to destinations such as Exeter Central, Exmouth, London and Birmingham.
