SUFFOLK - 4 BEDROOM PUB WITH CAR PARK ON NEW FREE OF TIE LEASE

Our client will consider the creation of a new lease on the following terms: LEASEHOLD PREMIUM: £25,000 to include goodwill, fixtures and fittings. Stock at valuation in addition. TERM: Seven years LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954 ASSIGNABILITY: Fully assignable subject to Landlord’s consent BOND: A bond equivalent to three months’ rent in advance RENT: £25,000 per annum, paid monthly in advance. RENT REVIEW: Every 3 years in accordance with RPI (capped at 5% and collared at 2.5%) REPAIR LIABILITY: Full repairing and insuring lease agreement TIE: Free of all trade ties INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent. VAT: VAT will not be payable on the premium and rental payments NEGOTIATION: All negotiation subject to covenant strength. An incoming party will be required to demonstrate sufficient funds to sustain their business model and will need to demonstrate ingoing capital to cover the Premium, rental deposits, stock and working capital as a minimum. No direct approach to be made to the business, with all communications directed through Sidney Phillips. Viewing strictly by appointment only.

TRADE AREAS MAIN BAR with seating for 30, wooden flooring, wooden main bar servery with service area behind, log store, multi fuel burner and side hall with rear external access. Basement CELLAR with external barrel drop. GAMES ROOM with seating for eight, wooden flooring and pool table. GAMES ROOM 2 (formerly utilised as a restaurant) with seating for 18, carpet flooring, an extension of the bar servery, pool table, rear external access door to the trade garden and access to a rear hall with entry to both Ladies’ and Gentlemen's TOILETS. INNER HALL with stairs to the first floor accommodation and a CATERING KITCHEN/UTILITY ROOM. OWNERS ACCOMMODATION First Floor: THREE DOUBLE BEDROOMS. SINGLE BEDROOM. LOUNGE. KITCHEN/BREAKAST ROOM. BATHROOM. EXTERNAL Lawned TRADE GARDEN with bench seating for 42. Rear CAR PARK with parking for 16 vehicles. (Please note: an adjacent residential property, 'Hopfen House', benefits from right of way vehicular access over the car park. The detached letting cottage 'Vineyard B&B' and the car park to the front of this area are not included in the let).