Beautiful English & large traditional pub, located in Semington, Wiltshire only a few miles away from Trowbridge, Melksham and Devizes.
To rent on a completely free of tie lease directly from the Landlord. This pub is nicely located, and is one of the most popular pubs in the area. Known for its good food and letting rooms/separate cottages.
This pub has been recently completely refurbished and is ready to move into and begin trading.
Includes separate owner's accommodation above the pub, 2 separate letting cottages, lovely large beer garden, and a large car park.
New free of tie lease offered. Flexible terms offered. You won't need to take on an existing lease.
An experienced tenant could do really well at this pub following some renovations.
*We don't charge any premium or legal fees or agent fees to get you in there. We are the freeholder of this property and do everything in-house. We have no ties to any breweries/etc. Can move quickly and efficiently. We can be flexible on lease length, etc.
Lamb on The Strand, 99 The Strand, Semington, Trowbridge BA14 6LL
Size: ~ 4,310 square feet
EPC: C until 2032
Rent:
£600 per week for the 1st year
£700 per week for the 2nd year
£800 per week for the 3rd year and going forward
(NO VAT)
Deposit: £7,500
2 separate cottages included.
Large 3 bed owners accommodation above.
Rated 4.5/5 stars on Google Maps, Trip Advisor, Facebook... out of 400 reviews
Available: NOW
Business rates from April 2023 : £11,500 (note: this is not rates payable, this is low enough to receive full business rates relief and you shouldn't have to pay anything)
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. What you see in the photos mostly comes with the property. 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 use them.
Rent: £600/week
Deposit: £7,500
2 Letting Cottages
Owner's Accommodation
Beer Garden
Completely renovated
Available: Now
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