Description
The property comprises the ground and first floor of a two storey detached building of brick and pebble dash rendered elevations under a pitched roof.

Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables, chairs and bench seating for 95 customers. Ancillary areas include a trade kitchen, customer WC’s and a beer cellar to the rear.

First Floor: The first floor comprises manager’s accommodation providing three bedrooms, bathroom and kitchen.

Externally: There is a trade patio and lawn to the side and rear with seating on loose tables and chairs for 120 customers. Additional seating is provided to the front elevation for a further 24 customers. There is a car park to the side for 38 vehicles and a single storey barn to the rear.

Tenure
The property is held freehold (Title Number HD395530).

Tenancy
The entire property is let to a private individual on a 20 year lease from 1 June 2018 at a current rent of £84,071 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (which do not apply in the open market review year). A rent deposit of £20,159 is held by the landlord.

Planning
The property is not listed but is situated within in Hexton Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT.

EPC
D-93

Terms
We are instructed to invite offers in excess of £1,120,000 (7.1% NIY) assuming the usual purchasers costs.

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 & 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.