High yielding investment opportunity Village pub close to expanding market town let producing £36,000 pa

This character property dates from the 1600’s. It is not listed nor within a conservation area. It has a wealth of period features including inglenook fire place and exposed beams. The ratable value is £25,000. The premises are held under a fully repairing and insuring lease granted on 16 May 2007 for a term of 21 years by a private landlord. The Lessee is completely free of tie. The current rent is £36,000 pa and the premises licence number is BREK000661. Saham Toney is a Breckland village located around two miles north east of the market town of Watton.

Tenure

Freehold

Description:

Front porch, bar, restaurant for 34 people, male and female toilets, kitchen, cellar, store room

Private Accommodation

Stairs from behind bar to landing with cupboard, bathroom lounge with opening to kitchenette, two bedrooms

Outside

Two shingle car parks for around 20 cars. Trade garden laid to lawn with picnic tables and wooded area. Paved patio with picnic benches

Viewing

Please call the Auctioneers - 01603 505100

Energy Efficiency Rating (EPC)

Current Rating F

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Breckland Council

Solicitors

Double and Megson, 11 Market Place, Market Deeping, PE6 8EA, Ref: Mrs Shanta Shah, Tel: (01778) 341494

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.