Investment for sale - Admiral Macbride, 1 The Barbican, Plymouth, PL1 2LR

<strong>Description</strong><br>The property comprises the ground, basement and first floor of a two storey terraced building with painted brick elevations beneath a pitched and hipped roof.<br><br><strong>Accommodation</strong><br>Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables, chairs and bench seating for 46 customers. Ancillary areas include a trade kitchen, cellar, customer WC's.<br /> <br /> First Floor: The first floor comprises six ensuite letting bedrooms (Three double bedrooms with sea views; one single with sea view; one twin and one further double at rear).<br /> <br /> External: There is seating opposite the pub on wooden benches for 84 customers held by way of a pavement licence.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number DN335802).<br><br><strong>Tenancy</strong><br>The entire property is let to a private individual on a lease expiring 20 January 2032 at a current rent of £53,352 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. No rent deposit is held by the landlord.<br><br><strong>Planning</strong><br>The property is not listed but is situated within the Barbican Conservation Area.<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>EPC</strong><br>E-106<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £630,000 (8.1% NIY) assuming the usual purchasers costs.<br><br><strong>Fixtures and Fittings</strong><br>The fixtures and fittings are currently owned by the occupational tenant.<br><br><strong>Money Laundering</strong><br>Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.<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 /> For further information and all viewing requests please contact the sole selling agents Savills.<br><br>