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Agricultural Inn 25 East St 7,373 SF 32% Leased Retail Building Braunton EX33 2EA $739,484 ($100.30/SF)
Investment Highlights
- Prominent public house for sale.
- Spacious property arranged over two levels extending 7,373 ft2 (685m2).
- Two bar operation and a generously sized function room.
- We are instructed to invite offers in the order of £545,000 + VAT.
- Site area of 0.56 acres (0.22 hectares).
- Two self-contained apartments.
- Development/conversion potential (STP).
Executive Summary
The property comprises the ground and first floors of a two storey semi-detached building with painted rendered elevations beneath gable and flat roofed extensions.
Located in the large and well-regarded village of Braunton in North Devon, approximately 5 miles (8 km) west of Barnstaple and 6 miles (10 km) north of the coastal resort of Croyde, Braunton is a popular and well-served settlement on the edge of the North Devon Area of Outstanding Natural Beauty. The village benefits from a strong mix of residential housing, independent retailers, schools and community facilities, together with a steady level of year-round visitor trade supported by its proximity to the North Devon coastline and surrounding countryside.
The Agricultural Inn is situated within Braunton in a predominantly residential area, with convenient access to the village centre. The property lies a short distance from the main High Street, where a range of independent shops, cafés, public houses and essential amenities are located
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Applicants are invited to submit rental offers for a new free of tie lease. A free of tie application form must be completed in all cases (available on request). A business plan, forecast profit and loss account and proof of funds. Rental offers are invited for a new free of tie lease. Terms will be agreed by negotiation. The lease will be protected by Part II of the Landlord and Tenant Act 1954. The rent will subject to annual increases in line with the retail price index and five yearly rent reviews. The lease is assignable after the end of the first two years and will be let on fully repairing and insuring terms. Standard free of tie Heads of Terms are available on request. Rent concessions may be available (rent free period and stepped rents) depending on the level of investment envisaged or required. The first three months' rent and other contractual charges will be payable in advance and the deposit payable will be 25% of the final agreed rent. In addition you will need to provide proof of funds for professional advice, investment and working capital - the amount will be dependent on your business plan.
| Space | Size | Space Use | Position | Available |
| Ground | 5,000 SF | Restaurant | Outparcel | Now |
Ground
| Size |
| 5,000 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| Now |
Ground
| Size | 5,000 SF |
| Space Use | Restaurant |
| Position | Outparcel |
| Available | Now |
Applicants are invited to submit rental offers for a new free of tie lease. A free of tie application form must be completed in all cases (available on request). A business plan, forecast profit and loss account and proof of funds. Rental offers are invited for a new free of tie lease. Terms will be agreed by negotiation. The lease will be protected by Part II of the Landlord and Tenant Act 1954. The rent will subject to annual increases in line with the retail price index and five yearly rent reviews. The lease is assignable after the end of the first two years and will be let on fully repairing and insuring terms. Standard free of tie Heads of Terms are available on request. Rent concessions may be available (rent free period and stepped rents) depending on the level of investment envisaged or required. The first three months' rent and other contractual charges will be payable in advance and the deposit payable will be 25% of the final agreed rent. In addition you will need to provide proof of funds for professional advice, investment and working capital - the amount will be dependent on your business plan.
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Agricultural Inn | 25 East St
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