Horns, 82 Bramfield Road

share

bookmark

Key Points

Summary

Freehold Public House Investment For Sale

Description

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

Ground Floor: The ground floor provides an open plan L shaped trading area with a central bar servery and seating on loose tables, chairs and bench seating for 54 customers. Ancillary areas include the trade kitchen, customer WC’s, cellar and the former residential bathroom which is currently used as a utility room.

Basement: Cellar and stores.

First Floor: The first floor provides the manager’s accommodation comprising three bedrooms.

Externally: There is a beer garden to the front with seating on loose tables and chairs for 100 customers. The is a gravel car park to front and rear for 16 vehicles.

Location

Located in the county of Hertfordshire, 2.6 miles (4.2 kilometres) south of Knebworth and 4.9 miles (8 kilometres) north of Hertford.

The Horns is situated in a rural hamlet surronded by a small number of residential dwellings and farmland.

Virtual Tour

https://vt.ehouse.co.uk/N3cCL1X8SdY

Tenure

The property is held freehold (Title Number HD400203).

Tenancy

The entire property is let to Ariann Leisure Ltd on a 20 year lease from 16 March 2016 at a current rent of £52,735 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £12,503.99 is held by the landlord.

Planning

The property is Grade II Listed but it is not situated within a conservation area. It is situated in the Green Belt.

Data Room

https://sites.savills.com/tavernportfolio/en/page_171176.php

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 that the purchasing entity is VAT registered.

EPC

An EPC is in the course of preparation.

Terms

We are instructed to invite offers in excess of £810,000 (6.17% NIY) assuming the usual purchasers costs.

Money Laundering

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

Viewings & Contacts

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.

Fixtures & Fittings

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