Available
Cannington – Public House with Letting Accommodation
The Malt Shovel, Cannington, Bridgwater, Somerset TA5 2NEFreehold Public House with Letting Accommodation Investment
Price
£480,000
Rent P.A.
£35,100
Yield
7.31%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
5y 10m
Area
5,339 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises public house with restaurant, large beer garden and private car park
- Includes 8 letting rooms and 1-bedroom owner`s accommodation
- Cannington is a village and civil parish 3 miles (5 km) northwest of Bridgwater, Somerset.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises public house with large beer garden and car parking for c. 40 cars, full restaurant, 8 letting rooms and 1-bedroom owner`s accommodation, providing the following accommodation and dimensions:
Ground Floor: Long bar servery with 55 seats, restaurant with 50 covers, beer garden front and back, with c. 100 seats, children's play area and Commercial kitchen
First Floor: 8 hotel bedrooms (6 x twin & 2 x double) and 1-bed owners flat
Total area size 496 sq m (5,339 sq ft)
Ground Floor: Long bar servery with 55 seats, restaurant with 50 covers, beer garden front and back, with c. 100 seats, children's play area and Commercial kitchen
First Floor: 8 hotel bedrooms (6 x twin & 2 x double) and 1-bed owners flat
Total area size 496 sq m (5,339 sq ft)
Tenancy Description
The property is at present let an Individual for a term of 6 years 11 months from 27th February 2024 at a current rent of £35,100 p.a. Rent review every 3rd year open market upward only. No breaks. Deposit held of £5,950.
Tenancies & Accommodation
Location Description
Cannington is a village and civil parish 3 miles (5 km) northwest of Bridgwater in the Sedgemoor district of Somerset, England. It lies on the west bank of the River Parret and contains the hamlet of Edstock. Bridgwater is a large historic market town and civil parish in Somerset, England.
