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Agent's details

Horns, 82 Bramfield Road, SG3

For sale: £750,000.00|2,924 Sq Ft|Other, Pubs/Bars/Clubs, Other Property Types & Opportunities, Licensed & Leisure

Property details

FOR SALE£750,000.00
SIZE2,924 Sq Ft
ADDRESSHorns, 82 Bramfield Road, Datchworth, Knebworth, SG3 6RZ
TYPEOther, Pubs/Bars/Clubs, Other Property Types & Opportunities, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON11th April 2024

Description

Key Points

  • Freehold public house investment
  • Entire property let to a small multiple operator
  • Current rent of £54,844 per annnum
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases
  • Lease expires March 2036
  • We are instructed to invite offers in excess of £750,000 (6.94 NIY)
  • Business unaffected by sale
  • 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 £12,888 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 £750,000 (6.94% 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.

    Location

    marker
    Location: Horns, 82 Bramfield Road, Datchworth, Knebworth, SG3 6RZ

    Welwyn North (1.8 miles)

    Watton-at-Stone (2.0 miles)

    Knebworth (2.2 miles)

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