Trowbridge Arms, 128-130 Coronation Avenue, Bath, BA2 2JP

Property Details: • Type: 6,142 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold public house investment • Entire property let to two private individuals • Property arranged over ground, basement and first floors • Current rent of £43,594 per annum • We are instructed to invite offers in excess of £640,000 (6.5% NIY) • Lease expires February 2032 • The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases • Business unaffected by sale

Location: • Nearest Station: Oldfield Park Station • Distance to Station: 0.6 miles

Agent Information: • Address: Savills, Mountbatten House,1 Grosvenor Square Southampton SO15 2BZ

Full Description: DescriptionThe property comprises the ground, basement and first floor of a two storey detached building with stone elevations beneath a pitched and hipped roof.LocationLocated in a suburb of the Cathedral City of Bath in the county of Somerset, 1.6 miles (2.6 kilometres) southwest of the Bath city centre and 12.6 miles (20.3 kilometres) south east of Bristol. Trowbridge House is situated fronting Coronation Avenue in a densely populated residential area which is in proximity to Oldfield Park train station and a University of Bath SU building.AccommodationGround Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables and chairs for 44 customers. Ancillary areas include customer WC’s. Basement: Skittle alley, customer WC’s and beer cellar. First Floor: The first floor comprises living accommodation with four bedrooms (two en-suite), kitchen, living room and bathroom.Externally: There is a customer terrace and covered smoking solution to the rear.TenureThe property is held freehold (Title Number AV213597).TenancyThe entire property is let to two private individuals on 13.5 year lease from 18 August 2018 at a current rent of £43,594 per annum which is subject to five yearly open market reviews and annual RPI increases (except in the open market review year). A rent deposit of £10,490 is held by the landlord.PlanningThe property is not listed or situated within a 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-101TermsWe are instructed to invite offers in excess of £640,000 (6.5% NIY) assuming the usual purchasers costs.Fixtures and FittingsThe fixtures and fittings are currently owned by the occupational tenant.Money LaunderingMoney Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.Similar Investment OpportunitiesIf you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing: