A rare opportunity to purchase a public/restaurant investment with luxury owners residence in this beautiful village of Reed located outside Royston.

The property is located in a popular idyllic village and would make a great commercial investment for a new buyer. The pub/restaurant has been tasteful renovated to a high standard and has a 7 year lease in place for £19,000 per annum. The four bedroom owners living accommodation is finished to a high standard throughout retaining period features throughout and has an option to be vacant on completion for a new owner to occupy or can come with a 7 year lease at £33,000 per annum. The combined investment income for this property would be in the region of £52,000. The pub which serves Italian food has a lovely bar area with indoor and outdoor seating with access to plenty of parking. The owners accommodation comes with parking to the side for 2/3 cars. Please note there is an addition option to purchase the large parcel of land to the left hand side of the cabinet which is able to be negotiated as part of the purchase or at an agreed later date to the buyer. Further details available on request. The owner is looking for in the region of £150,000 but is open to negotiating a price for the total lot.

Tenure

Freehold

Business Rates

Current rateable value (1 April 2023 to present) £8,900

Downstairs Accomdation

living room, open plan kitchen/dining room, utility area, bedroom currently being used as a sitting room, bedroom with a jack and jill style luxury shower room.

Upstairs Accomodation

Two good size bedrooms and a luxury family bathroom.

Pub/Restaurant

Bar area leading through to seating area, toliets, kitchen and second prep room.

Pub Outside

Ample outside seating area and parking to the front.

Outside

To the rear of living accommodation is a lovely lawned garden backing onto fields and parking to the side of the property.

Land to the left hand side of the Cabinet

Please note there is a parcel of land to the left hand side of the property which can be purchased by separate negotiation with the seller which can be brought either at the same time or at a later date which they are looking for in the region of £150,000 please see the auctioneer for more details.

Council Tax Band

F

Energy Efficiency Rating (EPC)

Current Rating Please refer to Legal Pack

Services

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

Local Authority

North Hertfordshire District Council

Solicitors

Kenneth Elliot & Rowe Liimited, Ref: Mark Sadler, Tel: 01708 757575

Additional Fees

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

Administration Charge - £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.