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Bishops Lacy Inn 5 Market St 6 Room Hotel Long Sutton PE12 9DD £380,000 (£63,333/Room)
Investment Highlights
- Chudleigh is an ancient wool town located within the Teignbridge District Council area of Devon, England between Newton Abbot and Exeter.
- High footfall
- The property is located in the town centre with occupiers close by include Post Office, Convenience Store, Estate Agents, Takeaway and more.
Executive Summary
Comprises public house arrange as a ground floor open plan bar and seating area (20ppl), full kitchen and customer WCs. First floor comprises owner`s accommodation with 2 bedrooms, kitchen and bathroom, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, kitchen, customer wc`s
First Floor: 2 bedrooms, kitchen/living room, bathroom
Total GIA: 418 sq m (4,500 sq ft)
The property is at present let to an Individual for a term of 6 Years 11 Months from 1st December 2023 at a current rent of £18,500 per annum and the lease contains full repairing and insuring covenants. Rent review on 01.12.26 and 01.12.29 open market upward only. Deposit held of £4,500.
Ground Floor: Open plan bar & restaurant, kitchen, customer wc`s
First Floor: 2 bedrooms, kitchen/living room, bathroom
Total GIA: 418 sq m (4,500 sq ft)
The property is at present let to an Individual for a term of 6 Years 11 Months from 1st December 2023 at a current rent of £18,500 per annum and the lease contains full repairing and insuring covenants. Rent review on 01.12.26 and 01.12.29 open market upward only. Deposit held of £4,500.
Property Facts
| Price | £380,000 | Costar Property Class | B |
| Price Per Room | £63,333 | Total Plot Size | 0.06 ac |
| Sale Type | Investment | Property Size | 4,305 sq ft |
| Tenure | Freehold | No. Rooms | 6 |
| Property Type | Hospitality | No. Floors | 3 |
| Property Subtype | Hotel | Year Built | 1910 |
| Price | £380,000 |
| Price Per Room | £63,333 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 0.06 ac |
| Property Size | 4,305 sq ft |
| No. Rooms | 6 |
| No. Floors | 3 |
| Year Built | 1910 |
Amenities
- Restaurant
- Meeting Event Space
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 6 | £77.00 | - |
1 1
1 of 6
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Bishops Lacy Inn | 5 Market St
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