Description
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.

Accommodation
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.

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).

External: There is seating opposite the pub on wooden benches for 84 customers held by way of a pavement licence.

Tenure
The property is held freehold (Title Number DN335802).

Tenancy
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.

Planning
The property is not listed but is situated within the Barbican Conservation Area.

VAT
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.

EPC
E-106

Terms
We are instructed to invite offers in excess of £630,000 (8.1% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings
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.

For further information and all viewing requests please contact the sole selling agents Savills.

Commercial Property in 1 The Barbican

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