King William IV83 The Street, West Horsley, Leatherhead, KT24 6BG

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

Virtual Tour
Please see the link below to access the Virtual Tour:
https://vt.ehouse.co.uk/tJK6D1ENNjF

Tenure
The property is held freehold (Title Number SY376806).

Tenancy
The entire property is let to Allium Pubs Limited on a 20 year lease from 15 December 2023 at a current rent of £53,750 per annum which increases to £55,000 per annum on 15 December 2024 and £105,000 per annum on 15 December 2025. The rent is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £26,558 is held by the landlord.

Planning
The property is not listed but is situated within West Horsley Conservation Area.

EPC
D - 89

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.

Terms
We are instructed to invite offers in excess of £1,000,000 (5.1% NIY) and a reversionary yield of 9.9%, assuming the usual purchaser's 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.

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.