The Rusty Axe, Stembridge, Martock, Somerset TA12 6BL

LOCATION

Martock is a large village in Somerset, located on the edge of the Somerset Levels, 7 miles (11.3 km) north-west of Yeovil. The parish includes Hurst, approximately one mile south of the village, and Bower Hinton, which is located to the west and bounded by Hurst and the A303. Martock has a population of 4,766 and was historically a market town.

PROPERTY DESCRIPTION

Comprises a large thatched village pub.

On the ground floor there is an open-plan bar and restaurant with function room. Also there is a commercial kitchen and customer WC's.

On the first floor is three-bedroomed owner's accommodation (complete with its own kitchen and bathroom).

Outside is a large beer garden and car park for 10 vehicles.

Total Gross Internal Area: 240 sq m (2,583 sq ft)

TENURE

The property is available on the basis of a freehold investment sale.

Lease Terms: 6 years 11 months
Years Left on Lease: 3 years 6 months
VAT Applicable: Yes

The property is at present let to S&N Pubs Ltd with Personal Guarantee for a term of 6 years 11 months from 1st March 2022 at a current rent of £25,740 p.a. and the Lease contains full repairing and insuring covenants.

Rent review on 01.03.25 and 01.03.28 open market upward only.

Deposit held of £4,290.

Rateable Value
Current rateable value (1 April 2023 to present) £8,800.