7 Bed Pub For Sale

Investment Consideration:

Gross Initial Yield: 6.43%

Rental Income: £25,740 p.a.

VAT is NOT applicable to this property

Comprises public house with 5 en-suite letting rooms and 2-bed owners accommodation

Property benefits from customer car park and has been newly refurbished in 2024

Situated on the west side of A371, a main arterial route between Wincanton and Shepton Mallet, providing great amount of traffic and passing cyclist.



Property Description:

Comprises semi-detached public house with restaurant and bar area, 5 en-suite letting rooms and 2-bedroom owners flat, providing the following accommodation and dimensions:

Ground Floor: Open plan bar area, restaurant area, commercial kitchen, storage, office, wc`s, large car parking and seating area

First Floor: 5 en-suite letting rooms, 2-bed owners flat with living room and bathroom/wc

Total GIA: 393 sq m (4,230 sq ft)



Tenancy:

The property is at present let to Prestleigh Inn B&B Limited for a term of 6 years from 18th November 2024 at a current rent of £25,740* p.a. Rent review every 3rd year open market upward only. Tenant option to determine on 18.11.27 min 6 months notice. Deposit held of £5,500.

*Tenant pays reduced rent of £12,870 p.a. for first 6 months. The vendor will top-up rent until 17th May 2025, so the buyer receives the equivalent of £25,740 p.a. from completion.



Location:

Shepton Mallet is a market town and civil parish, some 16 miles south-west of Bath, 18 miles south of Bristol and 5 miles east of Wells. The property is situated on the west side of A371, a main arterial route between Wincanton and Shepton Mallet, providing great amount of traffic and passing cyclist.