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The Copper Key, Fore Street, North Tawton, Devon, EX20

£330,000

£109.53 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

3,013 sq ft

280 sq m

SECTOR

Pub for sale

USE CLASSUse class orders: A4 Drinking Establishments

A4

Key features

  • Rental Income: £23,400 p.a.
  • Gross Initial Yield: 7.09%
  • Comprises large public house with outdoor seating, beer garden, games room and
  • Includes 4-bedroom owner`s accommodation at first floor

Description

Investment Consideration:
Gross Initial Yield: 7.09%
Rental Income: £23,400 p.a.
VAT is NOT applicable to this property
Comprises large public house with outdoor seating, beer garden, games room and 4-bedroom owner`s accommodation
Situated within the rolling Devonshire countryside and within easy reach of Okehampton and Crediton.

Property Description:
Comprises large public house arranged as a ground floor bar & restaurant with 4-bed owner`s flat at first floor. The property benefits from outdoor seating and large beer garden, providing the following accommodation and dimensions:
Ground Floor: bar area, kitchen, WCs, storage, beer garden
First Floor: 4 bedrooms, 2 bathrooms, kitchen and lounge
Total GIA: 280 sq m (3,013 sq ft)

Tenancy:
The property is at present let to an Individual for a term of 6 Years 11 Months from 15th August 2024 at a current rent of £23,400* p.a. Rent review every 3rd year open market upward only. No breaks. Deposit held of £5,000.
*Tenant pays reduced rent of £20,800 p.a. for Year 1. The vendor will top-up rent until 14th August 2025, so the buyer receives the equivalent of £23,400 p.a. from completion.

Location:
North Tawton is situated within the rolling Devonshire countryside and within easy reach of Okehampton and Crediton. It has everyday amenities, which includes a mini Market, post office, butchers, chemist, deli/tea room, doctors' surgery, NHS dentist, veterinary surgery and a good primary school. North Tawton is located on the Tarka Trail and is fortunate enough to boast rugby, football and cricket clubs, bowls aerobics, yoga and badminton as well as a variety of societies including scouts, guides, youth club and drama group etc.

Brochures

The Copper Key, Fore Street, North Tawton, Devon, EX20

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lapford Station5.7 miles
  • Okehampton Station6.1 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

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