The Royal Oak High St 5,308 sq ft Retail Property Barlborough S43 4EU £450,000 (£84.78/sq ft)

Located in the semi-rural village of Barlborough in the district of Bolsover of Derbyshire county, located 8.0 miles (12.9 kilometres) north east of Chesterfield and 10.5 miles (16.9 kilometres) south east of Sheffield. The Royal Oak is situated fronting the High Street in a predominantly residential area which is a short distance east of the M1. Some independent retailers and hospitality operators front the high street.
Freehold public house investment for sale let until September 2037 at a rent of £52,187 per annum The property comprises the ground, basement and first floor of a detached two storey building with painted rendered elevations beneath a pitched roof.
Freehold public house investment The entire Property let to The Pebley Restaurant Limited Property arranged over ground, basement and two upper floors extending to 6,622 sq ft Large site extending to 0.51 acres Current rent of £52,187 per annum Lease expires September 2037 The rent is subject to five yearly open market rent reviews and annual uncapped RPI We are instructed to invite offers in excess of £450,000 (11.1% NIY) Business unaffected by sale Ground Floor: The ground floor provides a two room customer trading area with central interconnecting bar servery and seating for 60 customers. To the rear is a restaurant area with further seating for 64 customers. Ancillary areas include customer WC's, dry stores, glass stores, walk in fridge and freezer and trade kitchen. Basement: Cellar and stores. First Floor: The first floor comprises living accommodation which includes an office, living room, bathroom, laundry room and three bedrooms. Second Floor: The second floor provides three bedroom accommodation which is currently used as storage space. Externally: Outbuilding boiler room to the rear of the property. To the side is a beer garden with seating for 48 customers and a car park for 46 vehicles.
The entire property is let to the Pebley Restaurant Limited on a 20 year lease from 28 September 2017 with the lease subsequently extended to expire in September 2045. The passing rent is £52,187 per annum which is subject to five yearly open market rent reviews and annual RPI increases (except in the open market review year). A rent deposit of £7,259 is held by the landlord.