The White Bear, 133 St. Michael's Hill, Bristol, BS2 8BS

Property Details: • Type: 4,958 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold public house investment • Entire property let to White Bear SWBG Bristol Limited • Property arranged over two levels extending to 4,958 Sq Ft (461 Sq M) • Current rent of £64,827 per annum • We are instructed to invite offers in excess of £840,000 (7.30% NIY) • Lease expires August 2042 • The rent is subject to five yearly open market rent reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year) • Business unaffected by sale

Location: • Nearest Station: Clifton Down Station • Distance to Station: 0.5 miles

Agent Information: • Address: 33 Margaret Street, London, W1G 0JD

Full Description: DescriptionThe property comprises the ground, basement, first floor and second floors of a three storey terrace building with painted rendered elevations beneath a pitched roof.LocationLocated in the city of Bristol in south west England, approximately 14.0 miles (22.4 kilometres) west of Bath and 36.2 miles (57.9 kilometres) south of Gloucester. The White Bear is situated fronting St Michael's Hill in a mixed commercial and residential area and a short distance north of the University of Bristol with a student population of 30,000.Virtual TourPlease see the link below to access the Virtual Tour: AccommodationGround 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 80 customers. Basement: Cellar and Stores.First Floor: The first floor comprises a trade kitchen, office with bathroom, large function room for 80 customers and customer WC's. Access is provided from both the ground floor trading area and via a separate external access from the front elevation. Second floor:The second floor comprises two double bedrooms, bathroom, living room, kitchen and a single bedroom.Externally: There is an enclosed customer area to the side with seating on loose tables and chairs for 44 customers.TenureThe property is held freehold (Title Number AV235528).TenancyThe entire property is let to White Bear SWBG Bristol Limited on a 20 year lease from 17 August 2022 at a current rent of £64,827 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £15,740 is held by the landlord.PlanningThe property is Grade II Listed and is situated within St Michael's Hill and Christmas Steps conservation area.VATIt 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.EPCE-109TermsWe are instructed to invite offers in excess of £840,000 (7.30% NIY) assuming the usual purchasers costs.Fixtures & FittingsThe fixtures and fittings are currently owned by the occupational tenant.Money LaunderingMoney Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.ViewingAll 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.