Available
Shepton Mallet – Public House
The Horseshoe Inn, Shepton Mallet, Somerset BA4 5JGFreehold Public House Investment
Price
£300,000
Rent P.A.
£23,400
Yield
7.80%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
6y 8m
Area
3,500 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises detached Grade II Listed stone period public house with 5 double bedrooms
- Includes full commercial kitchen, skittle alley and large patio garden to the rear
- Situated within 0.6 miles from the town centre, with retail occupiers including Aldi, Domino`s Pizza and McColls, amongst many more local retailers
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises detached public house including a large main bar area with stone fireplace and log burning stone, a separate bar/servery area with service counter, a skittle alley/function room, breakfast area, and fully equipped commercial catering kitchen. Exterior includes a large patio garden to the rear. The pub also has a large owner's/letting accommodation with five double bedrooms, one which is en suite.
Ground Floor: Open plan bar & restaurant, kitchen, wc`s
First Floor: 5 double bedrooms (1 en-stuite), bathroom
Total GIA: 325 sq m (3,500 sq ft)
Ground Floor: Open plan bar & restaurant, kitchen, wc`s
First Floor: 5 double bedrooms (1 en-stuite), bathroom
Total GIA: 325 sq m (3,500 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 6 Years 11 Months from 16th December 2024 at a current rent of £23,400* per annum and the lease contains full repairing and insuring covenants. Rent review on 16.12.27 and 16.12.30 open market upward only. Tenant option to determine on 16.12.27 with min 3 months notice. Deposit held of £4,000.
*Tenant pays reduced rent of £20,820 p.a. for the first year. Vendor will top up rent until 15th December 2025, so the buyer receives £23,400 p.a. from completion
*Tenant pays reduced rent of £20,820 p.a. for the first year. Vendor will top up rent until 15th December 2025, so the buyer receives £23,400 p.a. from completion
Tenancies & Accommodation
Location Description
Shepton Mallet is a market town and civil parish in the Mendip District of Somerset, England, some 16 miles south-west of Bath, 18 miles south of Bristol and 5 miles east of Wells. The property is located within 0.6 miles from the town centre, with retail occupiers including Aldi, Domino`s Pizza and McColls, amongst many more local retailers.
