Available
North Tawton – Public House
The Copper Key, Fore Street, North Tawton, Devon EX20 2EDFreehold Public House Investment
Price
£330,000
Rent P.A.
£23,400
Yield
7.09%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
6y 4m
Area
3,013 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises large public house with outdoor seating, beer garden, games room and 4-bedroom owner`s accommodation
- Situated within the rolling Devonshire countryside and within easy reach of Okehampton and Crediton.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises large public house arranged as a ground floor bar & restaurant with 4-bed owner`s flat at first floor. The property benefits from outdoor seating and large beer garden, providing the following accommodation and dimensions:
Ground Floor: bar area, kitchen, WCs, storage, beer garden
First Floor: 4 bedrooms, 2 bathrooms, kitchen and lounge
Total GIA: 280 sq m (3,013 sq ft)
Ground Floor: bar area, kitchen, WCs, storage, beer garden
First Floor: 4 bedrooms, 2 bathrooms, kitchen and lounge
Total GIA: 280 sq m (3,013 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 6 Years 11 Months from 15th August 2024 at a current rent of £23,400* p.a. Rent review every 3rd year open market upward only. No breaks. Deposit held of £5,000.
*Tenant pays reduced rent of £20,800 p.a. for Year 1. The vendor will top-up rent until 14th August 2025, so the buyer receives the equivalent of £23,400 p.a. from completion.
*Tenant pays reduced rent of £20,800 p.a. for Year 1. The vendor will top-up rent until 14th August 2025, so the buyer receives the equivalent of £23,400 p.a. from completion.
Tenancies & Accommodation
Location Description
North Tawton is situated within the rolling Devonshire countryside and within easy reach of Okehampton and Crediton. It has everyday amenities, which includes a mini Market, post office, butchers, chemist, deli/tea room, doctors’ surgery, NHS dentist, veterinary surgery and a good primary school. North Tawton is located on the Tarka Trail and is fortunate enough to boast rugby, football and cricket clubs, bowls aerobics, yoga and badminton as well as a variety of societies including scouts, guides, youth club and drama group etc.
