Available
Shipham – Public House with Letting Accommodation
The Penscot Inn, Shipham, Winscombe BS25 1TWFreehold Public House with Letting Accommodation Investment
Price
£450,000
Rent P.A.
£32,000
Yield
7.11%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
4y 6m
Area
5,000 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises a detached public house with 10 Letting Rooms and 2-Bed owner`s accommodation.
- Situated in predominantly residential area with occupiers nearby including Butchers and Car Body Shop.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises a detached public house with 10 Letting Rooms and 2-Bed owner`s accommodation, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant areas, breakfast room, commercial kitchen, storage, customer wc`s
First Floor: 10 en-suite letting rooms, storage
Total GIA: 464 sq m (5,000 sq ft)
Ground Floor: Open plan bar & restaurant areas, breakfast room, commercial kitchen, storage, customer wc`s
First Floor: 10 en-suite letting rooms, storage
Total GIA: 464 sq m (5,000 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 6 years 11 Months from 13th October 2022 at a current rent of £32,000 p.a. Rent review on 13.10.25 and 13.10.28 open market upward only. Tenant option to determine on 13.10.25 min 6 months notice. Deposit held of £5,500.
Tenancies & Accommodation
Location Description
Shipham is a village and civil parish in Somerset, England. It is on the western edge of the Mendip Hills near the A38, approximately 15 miles south of Bristol. It is in the local government district of Sedgemoor. The parish includes the village of Rowberrow and the hamlet of Star. Winscombe is a large village in the North Somerset unitary district of Somerset, Southwest England, close to the settlements of Axbridge and Cheddar, on the western edge of the Mendip Hills, 7 miles southeast of Weston-super-Mare and 14 miles southwest of Bristol.
