Investment for sale - White Horse Inn, Mark, Highbridge, TA9 4LT

<strong>Description</strong><br>The property comprises the ground and first floors of a two storey detached building with part painted rendered and part exposed brick elevations beneath a pitched roof.<br><br><strong>Accommodation</strong><br>Ground Floor: The ground floor provides two trading areas with a central bar servery and seating on loose tables, chairs and benches for 80 customers. Ancillary areas include a trade kitchen, customer WC's, cellar and stores.<br /> <br /> First Floor: The first floor provides a lounge, kitchen and two bedrooms, one with an en-suite. <br /> <br /> Externally: There is a beer garden to the rear with seating on wooden benches for 50 customers alongside a wedding pavilion. There is parking to the rear for 25 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number ST197926).<br><br><strong>Tenancy</strong><br>Entire property let to a private individual on a 20 year lease from 3 December 2019 at a current rent of £45,099 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases from 3 December 2028 (except in the open market review year). A rent deposit of £9,797 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 and Fittings</strong><br>The fixtures and fittings are currently owned by the occupational tenant.<br><br><strong>EPC</strong><br>C - 70.<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £555,000 (7.75% 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: https://sites.savills.com/stonegateportfolio<br><br><strong>Viewings</strong><br>All viewings must be made by prior appointment. For further information and all viewing requests please contact the sole selling agents Savills.<br><br>