Royal OakFrieth Road, Marlow, SL7 2JF

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

Accommodation
Ground Floor: The ground floor provides the customer trading area with a central bar servery and seating in three areas for approximately 65 customers. Ancillary areas comprise customer WC's, trade kitchen and stores.

Basement: Cellar and stores.

First Floor: The first floor comprises staff accommodation with two bedrooms, bathroom and stores.

Externally: There is a covered trade terrace and garden to the rear with seating for approximately 70 customers. There is an additional events teepee and garden accommodating up to 80 customers. To the side and rear is car parking for approximately 35 vehicles.

Tenure
The property is held freehold (Title Number BM261882).

Tenancy
The entire property is let to Business No. 1 Limited on a 20 year lease from 9 March 2017 at a current rent of £93,292 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (expect in the open market review year). A rent deposit of £20,819 is held by the landlord.

Planning
The property is Grade II Listed however, is it not located 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
E - 123

Terms
We are instructed to invite offers in excess of £1,475,000 (6.0% 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.

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