Available
Stembridge – Public House
The Rusty Axe, Stembridge, Martock TA12 6DBFreehold Public House with Parking Investment
Price
£380,000
Rent P.A.
£25,740
Yield
6.77%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
3y 10m
Area
2,583 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises large village pub with restaurant, function room and 3-bedroom managers flat
- Benefits from outdoor seating at front and large car park opposite the property
- Martock is a large village and civil parish in Somerset, situated 7 miles (11.3 km) north-west of Yeovil.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises a large thatched village pub and restaurant with function room and a separate 3-bedroom owner's accommodation (complete with own kitchen and bathroom). The property benefits from a commercial catering kitchen, large beer garden and carpark for 10 vehicles and provides the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, kitchen, wc`s
First Floor: 3 bedrooms, kitchen/living room, bathroom
Total GIA: 240 sq m (2,583 sq ft)
Ground Floor: Open plan bar & restaurant, kitchen, wc`s
First Floor: 3 bedrooms, kitchen/living room, bathroom
Total GIA: 240 sq m (2,583 sq ft)
Tenancy Description
The property is at present let to S&N Pubs Ltd with Personal Guarantee for a term of 6 Years 11 Months from 1st March 2022 at a current rent of £25,740 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.03.25 and 01.03.28 open market upward only. Break clause in 2023 and 2025 NOT exercised. Deposit held of £4,290.
Tenancies & Accommodation
Location Description
Martock is a large village and civil parish in Somerset, England, situated on the edge of the Somerset Levels 7 miles (11.3 km) north west of Yeovil in the South Somerset district. The parish includes Hurst, approximately one mile south of the village, and Bower Hinton, which is located at the western end of the village and bounded by Hurst and the A303. Martock has a population of 4,766 and was historically a market town.
