Investment for sale - Union Inn, Denbury Green, Denbury, Newton Abbot, TQ12 6DQ

<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: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables and chairs for 60 customers. To the rear is a function room with separate bar servery and seating on loose tables and chairs for 80 customers. Ancillary areas include a trade kitchen, customer WC's and stores.<br /> <br /> First Floor: The first floor provides the office, lounge, WC, bathroom, kitchen and four bedrooms. <br /> <br /> Outbuilding: The outbuilding provides additional stores and a cellar.<br /> <br /> Externally: There is a customer area to the side on wooden benches for 46 customers.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number DN443967).<br><br><strong>Tenancy</strong><br>Entire property let to The Old Green Pub Co Limited on a 10 year lease from 16 June 2022 at a current rent of £37,971 per annum which is subject to annual RPI increases with a collar of 2% and a cap of 5%. A rent deposit of £9,493 is held by the landlord.<br><br><strong>Planning</strong><br>The property is Grade II Listed and situated within the Denbury and Torbryan 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 - 56.<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £450,000 (8.08% 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 and under no circumstances should any direct approach be made to any of the occupational tenants staff.<br><br>