The Merry Monk Monkton Heathfield Rd 6,014 SF Retail Building Taunton TA2 8NE $2,246,412 CAD ($373.53 CAD/SF)

We are instructed to invite offers in excess of £1,200,000 (9.63% NIY) assuming the usual purchasers costs.
Tenure
The property is held freehold (Title Number ST192851).
Tenancy
Entire property let to two private individuals on a 20 year lease from 12 November 2018 at a current rent of £122,347 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £24,843 is held by the landlord.
Description
The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched roof.
Accommodation
Ground Floor:
The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and benches for 100 customers. Ancillary areas include a trade kitchen, customer WC's and stores.
First Floor:
The first floor provides the managers accommodation which comprises a lounge, bathroom, kitchen and two bedrooms.
Externally:
There is a beer garden to the front with seating on wooden benches for 56 customers. There is parking to the rear for 60 vehicles.
Located in the village of Monkton in the county of Somerset, 2.1 miles (3.4 kilometres) north east of Taunton town centre and 13.2 miles (21.2 kilometres) south west of Bridgwater.
The Merry Monk Inn is situated fronting Monkton Heathfield in a residential area, which is a short distance from Bridgewater Road where operators such as Bathpool Inn, Monkton Inn and Hankridge Arms are located.