Available
Taunton – Public House
The Crown Inn, Ganges Hill, Fivehead, Taunton, Somerset TA3 6PQFreehold Public House Investment
Price
£350,000
Rent P.A.
£25,000
Yield
7.14%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
6y 5m
Area
2,368 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises public house with restaurant, skittle alley, beer garden and 2-bed flat above
- The property is situated in predominantly residential area and is the only pub in the village
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises large pub with restaurant at ground floor and 2-bed owner`s accommodation at first floor. The property benefits from car park at front and 2 beer gardens, providing the following accommodation and dimensions:
Ground Floor: Open bar & restaurant, skittle alley/function room, commercial kitchen, storage, cellar, beer gardens at front and rear
First Floor: 2 bedrooms, living room, bathroom
Total area size 220 sq m (2,368 sq ft)
Ground Floor: Open bar & restaurant, skittle alley/function room, commercial kitchen, storage, cellar, beer gardens at front and rear
First Floor: 2 bedrooms, living room, bathroom
Total area size 220 sq m (2,368 sq ft)
Tenancy Description
The property is at present let to Crown Management SW Limited for a term of 6 years 11 months from 1st October 2024 at a current rent of £25,000* p.a. Rent review every 3rd year open market upward only. Tenant option to determine on 01.10.27 min 6 months notice. Deposit held of £4,500.
*Tenant pays reduced rent of £22,000 p.a. for Year 1 and £24,000 p.a. for Year 2 until 30 September 2026. Fixed rental increase to £25,000 p.a. on 1 October 2026. The vendor will top up rent until 1 October 2026 so the buyer receives £25,000 p.a. from completion
*Tenant pays reduced rent of £22,000 p.a. for Year 1 and £24,000 p.a. for Year 2 until 30 September 2026. Fixed rental increase to £25,000 p.a. on 1 October 2026. The vendor will top up rent until 1 October 2026 so the buyer receives £25,000 p.a. from completion
Tenancies & Accommodation
Location Description
Fivehead is a village and civil parish in Somerset, England, situated on the Fivehead River, 8 miles east of Taunton in the South Somerset district. The property is situated in predominantly residential area and is the only pub in the village,
