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Free of tie London pub available by way of a nil premium lease assignment
Description
The Incognito Cocktail Company is a mid terraced public house constructed over part two and part three storeys above basement. The property has brick elevations, beneath a flat roof with parapet walls.
Accommodation
Ground Floor: The ground floor provides an open plan customer area with bar servery to the left hand side. The property is configured to fit approximately 54 covers with trade kitchen to the rear left and ladies, gents, and disabled customer WC’s to the rear.
Basement: The basement provides ancillary accommodation comprising beer cellar, manager's office and dry storage.
First Floor: The first floor provides four rooms, boiler room and bathroom.
Second Floor: The second floor provides two rooms and a bathroom.
Tenure
Leasehold (Title Number TGL584128). The free of tie lease dated 27th May 2022 between Tavern Propco Ltd and Chadwicks Richmond Ltd is for a term of 15 years with a passing rent of £106,090 per annum. The rent is subject to open market reviews and annual RPI increase subject to a collar of 1% and cap of 3%.
Rateable Value
2023 - £74,000
EPC
C-64
Planning
The property is not listed but is situated within the Richmond Green Conservation Area.
Licensing
The property has the benefit of a Premises Licence in accordance with the Licensing Act 2003. The premises are permitted to sell alcohol daily between Sunday to Thursday 10:00 - 23:00, Friday 10:00 - 00:30 and Saturday 08:00 - 00:30.
Terms
Available by way of nil premium assignment.
VAT
VAT will be applicable
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers and tenants. Prospective purchasers and tenants will need to provide proof of identity and residence.
Photography
Please note the photography included within the brochure was taken while the property was open and trading however, it has since closed.
Viewings
For all viewing requests please contact the sole agent Savills.
C (64)