Available
Burton-on-Trent – Public House
The Old Royal Oak, 11 Market Place, Burton-on-Trent DE14 1HAFreehold Public House Investment
Price
£300,000
Rent P.A.
£26,000
Yield
8.67%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
5y 9m
Area
4,843 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises large public house with function room and owner’s accommodation
- Located in the heart of the town centre opposite Burton Market Hall
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises large ground floor pub with owner’s accommodation above, providing the following accommodation and dimensions:
Ground Floor: Open bar, dining area, commercial kitchen, music stage and additional outdoor seating.
First Floor: Function/seating room
Second Floor: Owner’s accommodation with lounge and domestic kitchen.
Total area size 450 sq m (4,843 sq ft)
Ground Floor: Open bar, dining area, commercial kitchen, music stage and additional outdoor seating.
First Floor: Function/seating room
Second Floor: Owner’s accommodation with lounge and domestic kitchen.
Total area size 450 sq m (4,843 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 6 years 11 months from 13th February 2024 at a current rent of £26,000 p.a. Rent review every on 13.02.27 and 13.02.30 open market upward only. Tenant option to determine on 13.02.27 min 6 months notice. Deposit held of £4,000.
Tenancies & Accommodation
Location Description
Burton upon Trent, also known as Burton-on-Trent or simply Burton, is a market town in Staffordshire, England, close to the border with Derbyshire. The A38 passes slightly north of the town between Lichfield and Derby. The A444 links traffic to Coventry and the M42 motorway and the A511 links traffic to Leicester. The property is situated in the heart of the town centre opposite Burton Market Hall and occupiers nearby including Santander, Halifax, Ladbrokes, Burton Outdoor Marketplace and many more.
