Free of Tie Village Pub To Rent - BrIXHAM- £400/wk

 This is a large beautiful village pub and restaurant/function area with a  separate owner's accommodation (3-4 bedrooms, with lounge / diner and  kitchen). It also has a massive central courtyard and beer garden, along with a separate 1 bed letting aparment.  

Located  in Brixham, only 5 minutes away from the port and the Sea.  Lovely quaint area begging to have its local pub back.
 

*We  don't charge any premium or legal fees or agent fees. We are the  freeholder of this property and do everything in-house. Can move quickly  and efficiently. We can be flexible on lease length, etc.
 

The Golden Lion, 63 New Road, Brixham, Devon, TQ5 8NL
 

This pub includes:
- Nice trade area (lounge bar and local bar)
- Restaurant area
- Commercial catering kitchen
- Large beer garden
- Owner's Accommodation is 3/4 bedroom flat with separate lounge and kitchen and bathroom
- Separate 1 bedroom apartment used for B&B (previously let out for £1,000 per month)
 

An  experienced tenant could really get this beautiful Pub up and running  again in no time, as it was trading as recently as around the holidays.
 

The  locals have indicated that they'd like this pub to be in operation  again, by experienced tenants who will take care of the pub and the  local area.
 

Rated : 4.6 - 5 stars on Google Maps, Trip Advisor, and Facebook.
 

Rent: £400 per week (NO VAT) - payable monthly in advance
 

Deposit: £4,290.00 (2 months - NO VAT)
 

Business Rates: £7,100* from 01st of April 2023
*This  is not rates payable, this is low enough to qualify for low business  rates relief so that you shouldn't have to pay any rates at all.
 

Available: Now
 

EPC : B (rated until October 2028)  
 

Size ≈ 3,000 square feet
 

We  can be flexible on lease length. Typically our tenants want a long  lease. We are willing to offer a 6 year 11 month lease (this keeps it  under the 7 year threshhold where you need to register the lease with  the land registry and pay stamp duty). Shorter leases offered.
 

Leases  are within the 1954 Act. This means you have the right (not obligation)  to a similar lease upon expiry. Therefore you effectively have the  option of twice the term length.
 

We are happy to offer a tenant  only break clause after year 2 or year 3. This means if you decide this  property wasn't the right decision or if you decide you no longer want  it, you can end the lease early (on the break date, with 3 month's  notice). If the business is doing well, you can stay for the full term.  We cannot decide to break the lease early.
 

Leases are fully  assignable. This means if you build up the business and wish to sell it  on at a premium, this would be allowed (to a suitable tenant).
 

Leases  are fully repairing and insuring (FRI). This means all maintenance and  repairs will be the tenant's responsibility for the duration of the  lease. We insure the building under our large block policy which gives  us favourable rates, and then we recharge the annual premium to you  (this can be paid in instalments).
 

No premiums or agent  fees or legal fees charged to you. Total ingoings to us are the initial  rent deposit and first month's rent. You will obviously also need enough  to stock the pub to get it up and trading. This is wholly your  responsibility. We have no say in how you run your business. We are  simply landlords of the property.
 

We do not charge you for any  of the fixtures and fittings and equipment. These will remain landlord's  contents, and we will do a photo inventory and schedule of condition  prior to your moving in. There is no charges to us to use them.