The property is a three-storey public house forming part of a block of similar aged properties below Union Street. The building provides for ground floor public bar with living accommodation on the upper two floors.
Torquay is located on the south coast of Devon and forms part of the Torbay conurbation including Paignton and Brixham. The town is located approximately 22 miles to the south of Exeter, 6 miles to the south east of the market town of Newton Abbot and 29 miles to the north east of Plymouth. The White Hart is situated on Temperance Street which leads from Union Street to Lower Union Street and the multi-storey car park.
Front entrance to open plan public bar (12m x 4.3m). Wooden bar servery with access door to rear beer cellar, ladies and gents WCs, beer cellar (3.8m x 2.1) plus storage area. Rear lobby with side access door and stairway to upper floors.
Stairway to first floor kitchen (3.8m x 2.6m) to inner lobby with stairway to upper floor and door to dining room (4.1m x 2.5m) with door to lounge (4.8m x 4.3m). Second floor hallway with doors off to bedroom (3.5m x 2.5m), bedroom (3.4m x 2.5m), bedroom (3.8m x 3.7m), bathroom (4.4m x 2m).
Further information and viewings:
Property inspection and viewing strictly by appointment.
No direct approach may be made to the business.
Interested parties should make their own enquiries to the local planning authority. This property lies within the jurisdiction of Torbay Council https://www.torbay.gov.uk/.
Rent / Price
165,000 exclusive VAT
The property is available freehold with a guide of 165,000 plus VAT.
Offers can be sent by post or email for the attention of Michael Easton. In order that we can give detailed consideration to all the offers received, we ask that the following information is included:
The name and address of the purchaser
The headline amount offered
Proof of funding
It should be noted that our client is under no obligation to accept the highest offer or indeed any offer submitted.
The venue is closed and has been run as an investment by our clients as such no historic accounts are available. The premise licence has been revoked.
Fixtures and Fittings
The sale does not include any items of furniture; equipment, trade fixtures and fittings. Any that are left post completion are not warranted for their suitability, safety or ownership. The asking price is for the buildings only.
The rateable value effective 1st April 2017 is listed at 5,600 on the valuation office website. Council tax band A. Interested parties are advised to make their own enquiries in regards to current rates and council tax payable.
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
Each party to be responsible for their own legal fees in relation to this transaction.
VAT will be payable on 90% of the purchase price as per HMRC guidelines. Stamp duty is payable on the gross amount. VAT registered buyers may be able to reclaim VAT and are advised to seek professional advice in this regard