Lamb Inn, 161 High Street, Worle, Weston-super-Mare, BS22 6JA

Offer in excess of

£475,000

Size

4,499

Tenure

Freehold

EPC

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Parking

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Primary use
Other

Key features

  • Entire property let to M Day 2 Limited
  • Property arranged over two levels extending to 4,499 Sq Ft (418 Sq M)
  • Site extending to 0.18 acres
  • Current rent of £47,329 per annum
  • Lease expires April 2032
  • The rent is subject to annual RPI increases with a collar of 2% and a cap of 5%
  • We are instructed to invite offers in excess of £475,000 (9.53% NIY)
  • 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 roof.

Location
Located in the village of Worle within the unitary authority of North Somerset, 19.0 miles (30.0 kilometres) south west of Bristol and 30.6 miles (49.0 kilometres) west of Bath.

The Lamb is situated fronting High Street in a mixed use area which is a short distance from Mendip Avenue where operators such as the Century Club, Old Kings Head and Golden Lion are located.

Accommodation
Ground Floor: The ground floor provides two trading areas with a central bar servery and seating on loose tables, chairs, sofa's and bench seating for 48 customers. To the right rear is a skittle alley which provides additional seating for 44 customers. Ancillary areas include trade kitchen, customer WC's, two cellars and stores.

First Floor: The first floor provides three bedrooms, one bathroom, kitchen, lounge, office and a roof terrace.

Externally: There is an enclosed courtyard beer garden with seating on wooden benches and chairs for 44 customers. There is a car park on the opposite side of the road for approximately 11 vehicles.

Tenure
The property is held freehold (Title Number AV239065).

Tenancy
Entire property let to M Day 2 Limited on a lease expiring 10 April 2032 at a current rent of £47,329 per annum which is subject to annual RPI increases with a collar of 2% and a cap of 5%. A rent deposit of £21,000 is held by the landlord.

Planning
The property is not listed or situated within a conservation area.

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

EPC
D-80

Terms
We are instructed to invite offers in excess of £475,000 (9.53% NIY) assuming the usual purchasers costs.

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.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all 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.
Additional information
Service charge
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Business rates
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Use class
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Listed building
No
Business for sale
No
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements
Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Lamb Inn, 161 High Street, Worle, Weston-super-Mare, BS22 6JA

NEAREST STATIONS

National Rail

Worle Station

0.71 miles

National Rail

Weston Milton Station

1.11 miles

National Rail

Weston-super-Mare Station

2.31 miles

About Savills, Southampton - Licensed Leisure

Savills, Southampton - Licensed Leisure

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Disclaimer - Property reference 348262-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Southampton - Licensed Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.