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Agent's details

Boars Head, Boars Head Road, TN6

For sale: £520,000.00|2,754 Sq Ft|Pubs/Bars/Clubs, Licensed & Leisure

Property details

FOR SALE£520,000.00
SIZE2,754 Sq Ft
ADDRESSBoars Head, Boars Head Road, Crowborough, TN6 3GR
TYPEPubs/Bars/Clubs, Licensed & Leisure
TENUREInvestment Opportunity, Under Offer, For Sale Freehold
POSTED ON15th March 2024

Description

Key Points

  • Freehold public house investment
  • Entire property let to an individual operator
  • Current rent of £39,500 per annum
  • The rent is subject to three yearly open market rent reviews
  • Lease expires May 2033
  • We are instructed to invite offers in excess of £520,000 (7.18% NIY)
  • Business unaffected by sale
  • Summary

    Freehold Public House Investment

    Description

    The property comprises the ground and first floor of a two storey detached building with brick and hung tile elevations beneath a pitched roof.

    Ground Floor: The ground floor provides an open plan bar and separate dining area to the rear with a central bar servery and seating on loose tables, chairs and bench seating for 42 customers. Ancillary areas include a trade kitchen, customer WC’s and a separate cellar to the rear.

    First Floor: The first floor provides manager’s accommodation comprising three bedrooms, bathroom and lounge.

    Externally: There is a patio and beer garden to the side and rear with seating on loose tables and chairs for 40 customers. There are two car parks which provide parking for approximately 25 vehicles.

    Location

    Located in a rural area in the county of East Sussex, 1.6 miles (2.6 kilometres) north east of Crowborough and 5.7 miles (9.2 kilometres) south west of Royal Tunbridge Wells. The area is known as The High Weald, an Area of Outstanding Natural Beauty.

    The Boars Head is situated in a rural hamlet surronded by a small number of houses and farmland.

    Virtual Tour

    https://vt.ehouse.co.uk/XJwC5HMNwJa

    Tenure

    The property is held freehold (Title Number EX253216).

    Tenancy

    The entire property is let to two private individuals on a 20 year lease from 16 May 2013 at a current rent of £39,500 per annum which is subject to three yearly open market reviews. A rent deposit of £6,346.45 is held by the landlord.

    Planning

    The property is Grade II Listed but it is not situated within a conservation area.

    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 £520,000 (7.18% 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 and Fittings

    The fixtures and fittings are currently owned by the occupational tenant

    Location

    marker
    Location: Boars Head, Boars Head Road, Crowborough, TN6 3GR

    Eridge (1.3 miles)

    Crowborough (1.8 miles)

    Ashurst (4.1 miles)

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