Available
Burrington – Public House with Letting Accommodation
Portsmouth Arms Hotel, Burrington, Umberleigh, Devon EX37 9NDFreehold Public House with Letting Accommodation Investment
Price
£350,000
Rent P.A.
£23,400
Yield
6.69%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
6y
Area
3,897 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises detached public house with restaurant and 1-bedroom owner`s flat
- Includes 3 letting rooms, 2 letting cottages and large private car park
- Situated on A377 next to Portsmouth Arms Train Station, which provides Great Western Railway Services between Barnstaple and Exeter.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises large detached public house with restaurant areas, owner`s flat, 3 letting rooms and 2 x 1-bed letting cottages. The property benefits from beer garden with scenic views and large car park, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant areas, wc`s
First Floor: 1-bedroom owner`s flat, 3 letting rooms
Ground/First Floor: 2 x 1-Bed letting cottages, each providing open plan kitchen/living, bedroom and bathroom
Total GIA: 362 sq m (3,897 sq ft)
Ground Floor: Open plan bar & restaurant areas, wc`s
First Floor: 1-bedroom owner`s flat, 3 letting rooms
Ground/First Floor: 2 x 1-Bed letting cottages, each providing open plan kitchen/living, bedroom and bathroom
Total GIA: 362 sq m (3,897 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 6 Years 11 Months from 1st May 2024 at a current rent of £23,400 p.a. and the lease contains full repairing and insuring covenants. Rent review 01.05.27 and 01.05.30 open market upward only. No breaks. Deposit held of £4,500.
Tenancies & Accommodation
Location Description
Burrington is a village and civil parish in North Devon in England. The village has a church, a Methodist chapel, a pub and shop-cum-Post Office. The property is situated on arterial route A377 next to Portsmouth Arms Train Station, which provides Great Western Railway Services between Barnstaple and Exeter.
