Hour Glass Inn, 21 Melbourne Street, Exeter, EX2 4AU

Description
The property comprises the ground, lower ground, first and second floors of an end of terrace building with painted rendered elevations beneath a pitched roof.

Location
Located in the Cathedral City of Exeter in the county of Devon, 46.3 miles (74.1 kilometres) north of Plymouth and 80.2 miles (128.3 kilometres) south of Bristol and.

The Hour Glass Inn is situated at the intersection between Melbourne Street and Colleton Row in a residential area, a short distance uphill from Exeter Quayside which has a range of licensed operations such as On The Waterfront, Samuel Jones and the Prospect.

Virtual Tour
Please see the link below to access the virtual tour for the Pub:

Please see the link below to access the virtual tour for the separate flat:


Tenure
The property is held freehold (Title Number DN320624).

Tenancy
The entire property is let to EB Hospitality Limited on a 20 year lease from 22 November 2021 at a current rent of £67,442 per annum which is subject to 5 yearly open market rent reviews and uncapped annual RPI increases (except in the open market review year). A rent deposit of £15,045 is held by the landlord.

Planning
The property is Grade II Listed and is situated within Southernhay and The Friars 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
E - 122

Terms
We are instructed to invite offers in excess of £815,000 (7.85% NIY) assuming the usual purchasers costs.

Fixtures and 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.

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