High Street, Honiton, Devon, EX14

Opportunity to purchase the freehold of 102 High Street. Ground floor let to successful and popular bar/restaurant on a new 5 year lease at £18,000 + VAT. Prime central location on Honiton High Street. Further potential for three storey HMO/guest house accommodation which could comprise 5-7 spacious letting rooms, kitchen and bathroom.

The ground floor bar (Pine Pony) is a successful and popular bar & restaurant. The Lease provides for a passing rent of £18,000 + VAT per annum; for a term of 5 yrs from June 2019. The upper floors are light and airy and spacious for the sector of HMO Room Rents. The 5 rooms will achieve an annual income of circa £31,000; with thought, further rooms can also be brought forward as income generating. It is understood that all mains services are connected including 3-phase for use of the bar.

Required Information: Freehold. East Devon District Council. Tax band C. Grade II Listed - refer to the listing on historicengland.org.uk

Directions
From Bradleys Honiton office turn right and 102 is just a short walk away, directly opposite Lace Walk Shopping Centre. Access to the accommodation is via the door to the left hand side of Complete Meats.