Description
The property comprises the ground, first and second floor of a two storey mid terraced building with rendered and wooden elevations beneath a pitched and hipped roof .

Accommodation
Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables, chairs and bench seating for 42 customers. Ancillary areas include customer WC's, cellar, trade kitchen and an office.

First Floor: The first floor comprises the managers accommodation which provides a kitchen/living room, three bedrooms, office, bathroom and store.

Second Floor: The second floor provides one bedroom in the attic space.

Tenure
The property is held freehold (Title Number K88673).

Tenancy
The entire property is let to A.B.V Bars Limited on a 20 year lease from 18 October 2024 at a current rent of £90,000 per annum which is subject to five yearly open market reviews and annual RPI increases from 18 October 2027 with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £22,500 is held by the landlord.

Planning
The property is Grade II Listed and is situated within the Canterbury 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
EPC in the course of preparation.

Terms
We are instructed to invite offers in excess of £1,215,000 (7.0% 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: https://sites.savills.com/stonegateportfolio

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.