Nettle & Rye
LICENSED | LEISURE | COMMERCIAL
Nettle & Rye 16 King’s Road, Clifton, Bristol, BS8 4AB
For Sale Freehold Licensed Investment Guide Price: £850,000 plus VAT Sole Selling Agents o
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Grade II listed character property situated in the heart of Clifton Village
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Property let to Scarlett Pub Company Ltd on a 20 year lease term from November 2011 with a current passing rent of £50,000 per annum
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The property has a ground floor Gross Internal Area of approximately 2,000 square feet
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Attractive net initial yield of 5.5% assuming standard purchaser’s costs
01225 789343
The Bank, 18 Newbridge Road, Bath, BA1 3JX [email protected] www.jamesabaker.co.uk
Nettle & Rye 16 King’s Road, Clifton, Bristol, BS8 4AB
For Sale Freehold Licensed Investment Guide Price: £850,000 plus VAT Sole Selling Agents
Location Bristol is an attractive city in the south west of England located approximately 13 miles north west of Bath. The city has a population of around 454,000 residents. The property is situated in Clifton Village and fronts King's Road which is a highly desirable area to live with a strong demographic surrounding. The nearby area benefits from a number of retail units, pubs, bars and restaurants. Accommodation The Nettle & Rye is a Grade II listed three storey end of terraced Victorian property of stone construction beneath a flat roof surrounded by a parapet wall. The ground floor trading area comprises an open plan bar and dining area for circa 70 covers. The first floor comprises a restaurant area with a theatre kitchen which can accommodate circa 45 covers. Ancillary trade areas include customer W/C's (including disabled), basement cellar, office, stores and a catering kitchen located on the second floor. The private accommodation is situated on the second floor and is separated into two flats. This includes a one bedroom studio flat with a bathroom and kitchen/diner and a two bedroom flat with a lounge, kitchen, bathroom and small store. Externally to the front of the property is a seating area for circa 20 covers which is understood to be held on a pavement licence. The property has a ground floor Gross Internal Area of approximately 2,000 square feet. The Nettle & Rye presents an excellent opportunity to acquire a freehold investment property located in a highly desirable area in Clifton which will be of interest to investors given the current rental income.
01225 789343
The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk
Nettle & Rye 16 King’s Road, Clifton, Bristol, BS8 4AB
For Sale Freehold Licensed Investment Guide Price: £850,000 plus VAT Sole Selling Agents
General Information Rating The current Rateable Value is assessed at £53,750. Services We are verbally advised that all mains services are connected to the property. Trading The property is let to Scarlett Pub Company Ltd and is currently open and trading. Lease The property is let on a Free of Tie basis for a 20 year lease term commencing on 7th November 2011, expiring on 6th November 2031. The passing rent is £50,000 per annum with five yearly rent reviews to the open market rent. The lease is within the security of tenure provisions included within the Landlord and Tenant Act 1954. Tenure The property is being sold freehold subject to the occupational lease. Energy Performance Certificate The property is Grade II listed and does not require an EPC. VAT VAT will be applicable on the sale of the property.
01225 789343
The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk
Nettle & Rye 16 King’s Road, Clifton, Bristol, BS8 4AB
For Sale Freehold Licensed Investment Guide Price: £850,000 plus VAT Sole Selling Agents Agent Details For further details please contact
Charlie Noad Agency Surveyor, Bath 07780599698 [email protected]
Molly Austin Agency Surveyor, Bath 07967026048 [email protected]
Disclaimer JAMES A BAKER for themselves and for the vendors of this property, whose agents they are, give notice that: 1. The particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute part of an offer or contract. 2. Descriptions, dimensions, plans, reference to condition and planning permission for use and occupation and other details are given without responsibility and intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each item. 3. It is emphasized that in these particulars of sale, items of furniture, fixtures, fittings and equipment mentioned are for descriptive purposes only and do not necessarily form part of the trade inventory referred to above. 4. No person in the employment of James A Baker has any authority to make or give representation or warranty whatsoever in relation to this property. www.jamesabaker.co.uk
01225 789343
The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk Viney Ltd Reg No 04515765. Registered in England and Wales. Registered Office: The Bank, 18 Newbridge Road, Bath, BA1 3JX. VAT Reg No 752840133
Nettle & Rye 16 King’s Road, Clifton, Bristol, BS8 4AB
For Sale Freehold Licensed Investment Guide Price: £850,000 plus VAT Sole Selling Agents o
•
Grade II listed character property situated in the heart of Clifton Village
•
Property let to Scarlett Pub Company Ltd on a 20 year lease term from November 2011 with a current passing rent of £50,000 per annum
•
The property has a ground floor Gross Internal Area of approximately 2,000 square feet
•
Attractive net initial yield of 5.5% assuming standard purchaser’s costs
01225 789343
The Bank, 18 Newbridge Road, Bath, BA1 3JX [email protected] www.jamesabaker.co.uk
Nettle & Rye 16 King’s Road, Clifton, Bristol, BS8 4AB
For Sale Freehold Licensed Investment Guide Price: £850,000 plus VAT Sole Selling Agents
Location Bristol is an attractive city in the south west of England located approximately 13 miles north west of Bath. The city has a population of around 454,000 residents. The property is situated in Clifton Village and fronts King's Road which is a highly desirable area to live with a strong demographic surrounding. The nearby area benefits from a number of retail units, pubs, bars and restaurants. Accommodation The Nettle & Rye is a Grade II listed three storey end of terraced Victorian property of stone construction beneath a flat roof surrounded by a parapet wall. The ground floor trading area comprises an open plan bar and dining area for circa 70 covers. The first floor comprises a restaurant area with a theatre kitchen which can accommodate circa 45 covers. Ancillary trade areas include customer W/C's (including disabled), basement cellar, office, stores and a catering kitchen located on the second floor. The private accommodation is situated on the second floor and is separated into two flats. This includes a one bedroom studio flat with a bathroom and kitchen/diner and a two bedroom flat with a lounge, kitchen, bathroom and small store. Externally to the front of the property is a seating area for circa 20 covers which is understood to be held on a pavement licence. The property has a ground floor Gross Internal Area of approximately 2,000 square feet. The Nettle & Rye presents an excellent opportunity to acquire a freehold investment property located in a highly desirable area in Clifton which will be of interest to investors given the current rental income.
01225 789343
The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk
Nettle & Rye 16 King’s Road, Clifton, Bristol, BS8 4AB
For Sale Freehold Licensed Investment Guide Price: £850,000 plus VAT Sole Selling Agents
General Information Rating The current Rateable Value is assessed at £53,750. Services We are verbally advised that all mains services are connected to the property. Trading The property is let to Scarlett Pub Company Ltd and is currently open and trading. Lease The property is let on a Free of Tie basis for a 20 year lease term commencing on 7th November 2011, expiring on 6th November 2031. The passing rent is £50,000 per annum with five yearly rent reviews to the open market rent. The lease is within the security of tenure provisions included within the Landlord and Tenant Act 1954. Tenure The property is being sold freehold subject to the occupational lease. Energy Performance Certificate The property is Grade II listed and does not require an EPC. VAT VAT will be applicable on the sale of the property.
01225 789343
The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk
Nettle & Rye 16 King’s Road, Clifton, Bristol, BS8 4AB
For Sale Freehold Licensed Investment Guide Price: £850,000 plus VAT Sole Selling Agents Agent Details For further details please contact
Charlie Noad Agency Surveyor, Bath 07780599698 [email protected]
Molly Austin Agency Surveyor, Bath 07967026048 [email protected]
Disclaimer JAMES A BAKER for themselves and for the vendors of this property, whose agents they are, give notice that: 1. The particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute part of an offer or contract. 2. Descriptions, dimensions, plans, reference to condition and planning permission for use and occupation and other details are given without responsibility and intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each item. 3. It is emphasized that in these particulars of sale, items of furniture, fixtures, fittings and equipment mentioned are for descriptive purposes only and do not necessarily form part of the trade inventory referred to above. 4. No person in the employment of James A Baker has any authority to make or give representation or warranty whatsoever in relation to this property. www.jamesabaker.co.uk
01225 789343
The Bank, 18 Newbridge Road, Bath BA1 3JX [email protected] www.jamesabaker.co.uk Viney Ltd Reg No 04515765. Registered in England and Wales. Registered Office: The Bank, 18 Newbridge Road, Bath, BA1 3JX. VAT Reg No 752840133
