Free of Tie - Pub to Rent - Wilmington - Flexi Terms

 Free of tie large public house available to rent directly from the landlord, in the affluent village of Wilmington in Honiton.
 

The White Hart, Trafalgar Way, Wilmington, Honiton, EX14 9JQ
 

Rent: £665 per week (NO VAT)
payable monthly in advance
Deposit: £5,800 (no VAT)
 

Business Rates: £10,250 from 1st April 2023*
*This is not rates payable this is low enough to receive some small business rates relief.
 

Size: ~3600 square feet
 

THE PROPERTY
The  White Hart is a substantial character detached village inn, which  occupies a prominent roadside trading position. The inn has been  refurbished and rebuilt beautifully and to an exceptionally high  standard throughout, following a fire in April 2021. It benefits from 3  extremely high quality, self-contained, en-suite letting cottages, which  include 2 private hot tubs. The main building is a large two storey pub  with a new slate roof and briefly comprises:  
- Four attractive interconnecting Bar and Dining Areas (66+)
- Well equipped Commercial Catering Kitchen with Ancillary Facilities
- Skittle Alley
-  Impressive and spacious 2/3 Double Bedroom Owner's Accommodation with  Sitting Room, modern Kitchen/Breakfast Room, Office and Family Bathroom
-  The grounds incorporate an attractive rear Beer Garden (40+) and a  decked Trade Terrace to the front and side of the property (20+)
- Customer Car Parking for 20+ vehicles
- Owner's Private Parking Area
- And various useful Outbuildings and Storerooms.  
 

The  White Hart is a highly regarded and extremely well-presented  destination village inn and a viewing is strongly recommended to fully  appreciate the quality and standards inherent throughout this impressive  business and property and the undoubted potential it offers new  owners.
 

SITUATION
The White Hart occupies an extremely  prominent and visible, landmark tradition position, adjacent to the A35  main road, in the heart of the village of Wilmington in the East Devon  countryside. Wilmington is located midway between the thriving market  towns of Honiton and Axminster (each approximately 5 miles). The A35 is a  busy tourist route between Devon and Dorset and the nearby coastline,  known as the Jurassic Coast, which has been designated as an Area of  Outstanding Natural Beauty and has been awarded World Heritage Status by  UNSECO. The popular and attractive coastal towns and villages of  Sidmouth, Beer, Branscombe, Lyme Regis and Charmouth are all within 10  miles. The Cathedral City of Exeter is some 22 miles to the west with an  excellent shopping centre, sport and leisure facilities, international  airport and access to the M5 motorway.
 

EPC - D
 

Available: NOW
 

Viewings by appointment only.
 

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 threshold 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 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.The pub  will come more or less equipped and furnished as you see in the photos*  (minus the personal belongings). *This is subject to change