Description
The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched roof.

Accommodation
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.

First Floor: The first floor provides the office, lounge, WC, bathroom, kitchen and four bedrooms.

Outbuilding: The outbuilding provides additional stores and a cellar.

Externally: There is a customer area to the side on wooden benches for 46 customers.

Tenure
The property is held freehold (Title Number DN443967).

Tenancy
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.

Planning
The property is Grade II Listed and situated within the Denbury and Torbryan Conservation Area.

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

EPC
C - 56.

Terms
We are instructed to invite offers in excess of £450,000 (8.08% NIY) assuming the usual purchasers costs.

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.

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

Similar Investment Opportunities
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

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.

Commercial Property in Denbury

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