Description
The property comprises a three storey mid terraced public house. The elevations are of brick and stone construction, rendered, set beneath a pitched slate covered roof.

Ground Floor:
The ground floor provides an entrance lobby leading into a traditional open plan trading area with single bar servery. Ancillary areas include a small catering kitchen and customer WC's

First Floor:
Living accommodation consisting of one bedroom, kitchen, lounge and bathroom.

Second Floor:
Two Bedrooms.

Externally:
Beer patio to the rear.

Tenure
The property is held freehold on three titles (Title Numbers DU251111, DU380263 and DU302921).

Tenancy
The entire property is let to two private individuals on a 15 year lease from 31 March 2017 at a current rent of £42,000 per annum which is subject to five yearly open market reviews and annual uncapped RPI increase (except in the open market review year). A rent deposit of £10,710 is held by the landlord.

Planning
The property is Grade II Listed and is situated within Darlington Town Centre 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 that the purchasing entity is VAT registered.

Terms
We are instructed to invite offers in excess of £385,000 (10.48% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings and contacts
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.