Bell Inn, 3 Broyle Road, PO19

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Key Points

Summary

Freehold public house investment for sale let until February 2033 at a current rent of £41,759 per annum

Description

The property comprises the ground, basement and first floor of a two storey detached building with painted brick elevations beneath a pitched and hipped roof.

Location

Located in the city of Chichester in the county of West Sussex, 16.5 miles (26.4 kilometres) east of Portsmouth and 20.3 miles (32.5 kilometres) west of Worthing.

The Bell Inn is situated fronting Broyle Road (A286) and is located within a predominantly residential area. The premises is situated a short distance from Chichester Leisure Centre and the Minerva and Chichester Festival Theatres.

Availability_text

The accommodation comprises the following areas:

Accommodation

Ground Floor: The ground floor provides two interconnecting trading areas with a bar servery and seating on loose tables, chairs and bench seating. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.

First Floor: The first floor comprises an office, kitchen, lounge area and two double bedrooms.

Basement: The basement provides a cellar and stores.

Externally: There is an enclosed customer area to the rear and a garden for the private accommodation. There is parking to the rear for 4 vehicles.

Tenure

The property is held freehold (Title Number WSX257830

Tenancy

The entire property is let to a private individual on a lease expiring 17 February2033 at a current rent of £41,759 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £10,192 is held by the landlord.

Planning

The property is not listed however it is situated within the Chichester Conservation Area.

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.

EPC

D-82

Terms

We are instructed to invite offers in excess of £575,000 (6.92% NIY) assuming the usual purchasers costs.

Fixtures & Fittings

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

Money Laundering

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

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.

For further information and all viewing requests please contact the sole selling agents Savills.

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