A detached freehold investment currently let as a public house with an income of £22,500 pa and planning permission for two x two bedroom houses to the rear

The Rising Sun Public House is located in the middle of the village of Gedney Drove End just outside Long Sutton. The pub is tenanted under a Tenancy at Will with a rental income of £22,500 pa and offers a open plan bar/dining room, kitchen, cellar and ladies and gents toilets. The living accommodation on the first floor comprises a lounge, kitchen, bedroom and a bathroom. There is a car park and detached store room. The property has a good sized garden at the rear which is fenced and has a gated vehicular access. The garden to the rear has planning permission for two x two bedroom houses. There is also planning permission for a single storey extension at the front of the building to create additional dining area. Gedney Drove End is located between Long Sutton and Holbeach both of which have local facilities.

Tenure

Freehold

Ground Floor

Open plan bar/dining room, kitchen, cellar and toilets

First Floor

Lounge, kitchen, bedroom and a shower room

Outside

Detached store room 11'8ft X 15ft. Car park to front. Gardens at rear with a covered area.

Planning

Planning permission granted by South Holland District Council on 26 October 2021 for two x two bedroom houses to the rear of the property under planning reference H06-0922-21. Also a single storey extension at the front to provide additional dining area. Planning reference H06-1035-20.

Business Rates

According to the Valuation office website the (premises) has a rateable value of £2,000 with effect from 1 April 2023.

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

South Holland District Council

Solicitors

Hayes and Storr (Kings Lynn), Ref: Laura Leventhall, Tel: 01553 778900

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.