George Inn, Exeter Road, Braunton, EX33 2JJ

Description
The property comprises the ground, basement and first floor of a two storey end of terrace building with exposed brick elevations beneath a pitched and hipped roof.

Location
Located in the village of Braunton in North Devon, 4.9 miles (7.9 kilometres) north of Barnstaple, 38.5 miles (61.9 kilometres) northwest of Exeter and 64.9 miles (103.8 kilometres) north of Plymouth.

The George Inn is situated fronting Exeter Road in a mixed use which is a short distance from the centre of Braunton, where various local retail shops, cafes, and dining options are available.

Accommodation
Ground Floor: The ground floor provides three separate interconnecting areas with a central bar servery, rear games area and a separate former restaurant which is also used for entertainment with seating for 76 customers. Ancillary areas include a trade kitchen, customer WC's.

Basement: Cellar and stores.

First Floor: The first floor comprises 5 en-suite letting bedrooms and a staff flat with one bedroom, lounge, kitchenette and bathroom.

Externally: There is a Large (pay & display) car park located on the opposite side of Exeter Road with 32 spaces, a source of significant secondary income with the car park let to Premier Park Ltd on a rolling 12-month agreement with a guaranteed annual rent of £30,000 + VAT.

Tenure
The property is held freehold (Title Number DN442134).

Tenancy
The entire property is let to The David Inns (TDI) Limited on a 20 year lease from 31 July 2018 at a current rent of £80,244 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £19,681 is held by the landlord.

Planning
The property is not listed however, it is situated within Braunton Conservation Area (the car park is not in a conservation area).

VAT
It 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.

EPC
C-51

Terms
We are instructed to invite offers in excess of £950,000 (8.0% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

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