Willoughby Arms47 Willoughby Road, Kingston upon Thames, KT2 6LN

Description
The property comprises the ground, basement and first floor of a two storey detached corner building with rendered and painted brick elevations beneath a multi pitched roof.

Accommodation
Ground Floor: The ground floor provides two trading rooms with interconnecting central bar servery and seating on loose tables, chairs and bench seating for 50 customers. Ancillary areas include a former trade kitchen and customer WC’s to the rear.

Basement: Cellar and stores.

First Floor: The first floor comprises a function room with its own bar servery and managers accommodation providing three bedrooms, living room, kitchen and bathroom.

Externally: There is a customer patio and lawn to the rear with seating on loose tables, chairs and cabins for 30 customers. Additional seating is provided to the front elevation for a further 30 customers. To the rear of the site is a derelict building which holds redevelopment value subject to necessary planning consents.

Tenure
The property is held freehold (Title Number SGL67486).

Tenancy
The entire property is let to two private individuals on a 20 year lease from 5 October 2017 at a current rent of £87,679 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £6,290 is held by the landlord.

Planning
The property is not listed or situated within a 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
C-75

Terms
We are instructed to invite offers in excess of £1,430,000 (5.8% 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 prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.