George & Dragon29 High Street, Headcorn, Ashford, TN27 9NL

Description
The property comprises the ground and first floor of a two storey end of terraced building with part rendered and painted brick elevations beneath a multi pitched tile roof.

Accommodation
Ground Floor: The ground floor provides a front and rear trading area with a central bar servery and seating for 62 customers. Ancillary areas include a trade kitchen, beer cellar and customer WCs to the side and rear. There is a function room in detached barn to rear.

First Floor: The first floor provides an office and three self-contained en-suite apartments each containing a bedroom, bathroom and living room/kitchen.

Externally: Customer patio to the rear with seating for 60 customers.

Tenure
The property is held freehold (Title Number K821296).

Tenancy
The entire property is let to PBT Group Limited on a 20 year lease from 20 March 2013 at a current rent of £45,000 per annum which is subject to five yearly open market reviews with the next review in August 2029. A rent deposit of £11,207 is held by the landlord.

Planning
The property is not listed however, it is situated within Headcorn 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
D-77

Terms
We are instructed to invite offers in excess of £600,000 (7.1% 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.

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/tavernportfolio