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

Ground Floor:
The ground floor provides an open plan trading area with private dining room, central bar servery and seating on loose tables, chairs and sofas for 119
customers.

First Floor:
The first floor comprises the former function room and office space.

Basement:
The basement provides an additional trading area for 50 customers. Ancillary areas include a trade kitchen, stores and customer WC’s.

Externally:
There is seating for 15 customers to the front elevation by way of a pavement licence.

Tenure
The property is held long leasehold (Title Number LN28532) for a term of 99 years from 29 September 1935 at a rent of £148 per annum.

Tenancy
The entire property is let to My New BMX Ltd on a 20 year lease from 5 February 2013 at a current rent of £100,980 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £17,117 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.

EPC
D-88

Terms
We are instructed to invite offers in excess of £405,000 (23.9% 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.

Viewing & 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.