Salthouse Hotel, Salthouse Road, Clevedon, BS21 7TY
Offers in Excess of
£1,375,000
£175.18 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
7,849 sq ft
729 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold public house investment
- Entire property let to a private individual
- Property arranged over two levels extending to 7,849 Sq Ft (729 Sq M)
- Site extending to 1.52 acres with 210 external covers
- Current rent of £123,922 per annum
- We are instructed to invite offers in excess of £1,375,000 (8.50% NIY)
- Lease expires November 2033
- The rent is subject to five yearly open market reviews and annual RPI increases with a cap of 3% (except in the open market review year)
- Business unaffected by sale
Description
Description
The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched and hipped roof.
Location
Located in Clevedon in the county of North Somerset, 11.3 miles (18.0 kilometres) north of Weston-Super-Mare and 11.7 miles (18.8 kilometres) west of Bristol.
The Salthouse is situated fronting Salthouse Bay and Clevedon Marine Lake in a seaside location and a short walk from Clevedon Pier. Nearby operators include The Waterfront, The Kings Arms, The Ostrich and Artichoke.
Accommodation
Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 50 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.
First Floor: The first floor comprises a restaurant area with seating for 40 customers alongside a separate conference room with capacity for 35 customers. In addition there are two ensuite bedrooms, office and staff changing room.
External: There is a large beer garden to the front elevation with seating on loose tables and chairs for 200 customers. Additional seating is provided to the side elevation for a further 10 customers. There is parking to the rear for 40 vehicles.
Tenure
The property is held freehold (Title Number AV220342).
Tenancy
The entire property is let to a private individual on a 30 year lease from 3 November 2003 at a current rent of £123,922 per annum which is subject to five yearly open market reviews and annual RPI with a cap of 3% (except in the open market review year). A rent deposit of £4,688 is held by the landlord.
Planning
The property is Grade II Listed but is not situated within a 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
EPC in the course of preparation.
Terms
We are instructed to invite offers in excess of £1,375,000 (8.50% 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.
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:
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.
The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched and hipped roof.
Location
Located in Clevedon in the county of North Somerset, 11.3 miles (18.0 kilometres) north of Weston-Super-Mare and 11.7 miles (18.8 kilometres) west of Bristol.
The Salthouse is situated fronting Salthouse Bay and Clevedon Marine Lake in a seaside location and a short walk from Clevedon Pier. Nearby operators include The Waterfront, The Kings Arms, The Ostrich and Artichoke.
Accommodation
Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 50 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.
First Floor: The first floor comprises a restaurant area with seating for 40 customers alongside a separate conference room with capacity for 35 customers. In addition there are two ensuite bedrooms, office and staff changing room.
External: There is a large beer garden to the front elevation with seating on loose tables and chairs for 200 customers. Additional seating is provided to the side elevation for a further 10 customers. There is parking to the rear for 40 vehicles.
Tenure
The property is held freehold (Title Number AV220342).
Tenancy
The entire property is let to a private individual on a 30 year lease from 3 November 2003 at a current rent of £123,922 per annum which is subject to five yearly open market reviews and annual RPI with a cap of 3% (except in the open market review year). A rent deposit of £4,688 is held by the landlord.
Planning
The property is Grade II Listed but is not situated within a 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
EPC in the course of preparation.
Terms
We are instructed to invite offers in excess of £1,375,000 (8.50% 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.
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:
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.
Brochures
Salthouse Hotel, Salthouse Road, Clevedon, BS21 7TY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Yatton Station3.5 miles
Notes
These notes are private, only you can see them.
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