Kings Head, Quay Street, Yarmouth, PO41 0PB

Description
The property comprises the ground and first floors of a two storey semi-detached building with painted rendered elevations beneath a pitched roof.

Location
Located in the historic town of Yarmouth on the north west coast of the Isle of Wight, 0.1 miles (0.2 kilometres) from the ferry terminal and 10.3 miles (16.6 kilometres) west of Newport.

The Kings Head is situated fronting Quay Street in a mixed-use area, nearby the harbour and ferry terminal and a short distance from High Street where operators such as the George Hotel, Wheatsheaf Inn and Bugle Inn are located.

Accommodation
Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables and chairs for 60 customers. Ancillary areas include a trade kitchen, customer WC's, ground floor cellar and additional stores.

First Floor: The first floor provides a kitchenette, lounge and four bedrooms.

Second Floor: The second floor provides two additional rooms in the roof eaves.

Externally: There is an enclosed courtyard beer garden with seating on wooden benches for 30 customers.

Tenure
The property is held freehold (Title Number IW49567).

Tenancy
Entire property let to a private individual on a 20 year lease from 18 March 2019 at a current rent of £72,520 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £18,831 is held by the landlord.

Planning
The property is Grade II Listed and situated within the Ise of Wight Conservation Area.

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

EPC
C-58

Terms
We are instructed to invite offers in excess of £865,000 (7.94% 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.