Investment for sale - Merry Monk, Monkton Heathfield, Taunton, TA2 8NE

<strong>Description</strong><br>The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched roof.<br><br><strong>Accommodation</strong><br>Ground Floor:<br /> The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and benches for 100 customers. Ancillary areas include a trade kitchen, customer WC's and stores.<br /> <br /> First Floor:<br /> The first floor provides the managers accommodation which comprises a lounge, bathroom, kitchen and two bedrooms. <br /> <br /> Externally:<br /> There is a beer garden to the front with seating on wooden benches for 56 customers. There is parking to the rear for 60 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number ST192851).<br><br><strong>Tenancy</strong><br>Entire property let to two private individuals on a 20 year lease from 12 November 2018 at a current rent of £122,347 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £24,843 is held by the landlord.<br><br><strong>Planning</strong><br>The property is not listed or situated within a conservation area.<br><br><strong>Fixtures & Fittings</strong><br>The fixtures and fittings are currently owned by the occupational tenant.<br><br><strong>EPC</strong><br>C-60<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £1,200,000 (9.63% NIY) assuming the usual purchasers costs.<br><br><strong>VAT</strong><br>It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.<br><br><strong>Money Laundering</strong><br>Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.<br><br><strong>Similar Investment Opportunities</strong><br>If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:<br /> https://sites.savills.com/stonegateportfolio<br><br><strong>Viewings</strong><br>All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.<br><br>