Investment for sale - White Horse, Sea Dyke Way, Marshchapel, Grimsby, DN36 5SX

<strong>Description</strong><br>The property comprises the basement, ground and first floor of a two storey detached public house with painted rendered elevations beneath a pitched tiled roof.<br /> <br /> Basement: The basement provides cellar and stores.<br /> <br /> Ground: The ground floor provides a two roomed trading area with interlinking bar servery and seating on loose tables, chairs and bench seating for 35 customers in the lounge and 28 in the dining area. Ancillary areas include a trade kitchen and customer WC's to the rear.<br /> <br /> First Floor: The first floor comprises an office and living accommodation with kitchen, living room, two bedrooms and a bathroom.<br /> <br /> Externally: There is a wooden-decked seating area with bench seating for 24 customers and there is a grassed area which could be used for additional external space. There is parking to the front and side rear for 30 vehicles.<br><br><strong>Tenancy</strong><br>The entire property is let to a private individual on a 5 year lease from 10 September 2024 at a current rent of £12,552 per annum, and an annual tie release fee of £31,112 which are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%. A rent deposit of £2,114 is held by the landlord. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.<br><br>