The Prestleigh Inn, Prestleigh, Shepton Mallet, Somerset BA4 4NL

Property Details: • Type: Pub • Tenure: FREEHOLD • Floor Area: 4230 sqft

Key Features: • Rental Income: £25,740 p.a. • Gross Initial Yield: 6.43% • Comprises public house with 5 en-suite letting rooms and 2-bed owners accommodation • Property benefits from customer car park and has been newly refurbished in 2024

Location: • Nearest Station: Castle Cary Station • Distance to Station: 4.28409199869565 miles

Agent Information: • Address: 54 Welbeck Street, London W1G 9XS

Full Description: Investment Consideration: <br />Gross Initial Yield: 6.43% <br />Rental Income: £25,740 p.a. <br />VAT is NOT applicable to this property <br />Comprises public house with 5 en-suite letting rooms and 2-bed owners accommodation <br />Property benefits from customer car park and has been newly refurbished in 2024 <br />Situated on the west side of A371, a main arterial route between Wincanton and Shepton Mallet, providing great amount of traffic and passing cyclist. <br /> <br />Property Description: <br />Comprises semi-detached public house with restaurant and bar area, 5 en-suite letting rooms and 2-bedroom owners flat, providing the following accommodation and dimensions: <br />Ground Floor: Open plan bar area, restaurant area, commercial kitchen, storage, office, wc`s, large car parking and seating area <br />First Floor: 5 en-suite letting rooms, 2-bed owners flat with living room and bathroom/wc <br />Total GIA: 393 sq m (4,230 sq ft) <br /> <br />Tenancy: <br />The property is at present let to Prestleigh Inn B&B Limited for a term of 6 years from 18th November 2024 at a current rent of £25,740* p.a. Rent review every 3rd year open market upward only. Tenant option to determine on 18.11.27 min 6 months notice. Deposit held of £5,500. <br />*Tenant pays reduced rent of £12,870 p.a. for first 6 months. The vendor will top-up rent until 17th May 2025, so the buyer receives the equivalent of £25,740 p.a. from completion. <br /> <br />Location: <br />Shepton Mallet is a market town and civil parish, some 16 miles south-west of Bath, 18 miles south of Bristol and 5 miles east of Wells. The property is situated on the west side of A371, a main arterial route between Wincanton and Shepton Mallet, providing great amount of traffic and passing cyclist.