Pax Inn, The Village, Thorp Arch, Wetherby, LS23 7AR

Description
The property comprises the ground, basement and first floor of a two storey detached building with stone elevations beneath a pitched roof.

Location
Located in the village of Thorp Arch in the county of North Yorkshire, 2.7 miles (4.3 kilometres) south-east of Wetherby and 9.8 miles (15.8 kilometres) north of Leeds.
The Pax Inn is situated fronting The Village surrounded by countryside and residential area, a short drive from Wetherby town centre where operators such as The Angel, The Black Bull, Pasha and The Wheatsheaf are located, alongside local attractions including Wetherby Racecourse and Boston Spa.

Accommodation
Basement: The basement provides cellar and stores.

Ground: The ground floor provides three trading areas with a central bar servery and seating on loose tables, chairs and benches for 70 customers. Ancillary areas include a trade kitchen and customer WC's.

First Floor: The first floor comprises the managers flat with three double bedrooms, a bathroom, sitting room and kitchen.

Externally: There is an customer area to the rear with seating on loose tables, chairs and benches for 35 customers. There is parking to the side and rear for 18 vehicles.

Tenure
The property is held freehold (Title Number WYK558101).

Tennancy
The entire property is let to Y10 Enterprise Limited on a 10 year lease from 6 December 2024 at a current rent of £50,000 per which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £12,637 is held by the landlord.

Planning
The property is not listed but it is situated within the Thorp Arch Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
C-66

Terms
We are instructed to invite offers in excess of £600,000 (7.93% NIY) assuming the usual purchasers costs.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:

Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.