Description
The property comprises the ground, first and second floors of a two storey semi-detached building with painted elevations beneath a pitched and hipped roof.

Accommodation
Ground Floor: The ground floor provides open plan trading area with a central L-shaped bar servery and seating on loose tables, chairs and bench seating for 68 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.

First Floor: The first floor comprises the manager’s accommodation, featuring a lounge, kitchen and a bedroom with an en-suite.

Second Floor: The second floor comprises two additional bedrooms.

Externally: There is a covered external area with seating for 30 customers and additional seating on wooden benches for 132 customers. Adjacent to this is a children's play area. There is parking to the side elevation for 32 vehicles and four garages used for storage.

Tenure
The property is held freehold (Title Number HP644544).

Tenancy
The entire property is let to Smugglers (Milford on Sea) Limited on a 20 year lease from 19 March 2019 at a current rent of £125,000 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 6% (except in the open market review year). A rent deposit of £28,811 is held by the landlord.

Planning
The property is Grade II Listed and is situated within the Milford-on-Sea 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
C - 62

Terms
We are instructed to invite offers in excess of £1,550,000 (7.60% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
We are instructed to invite offers in excess of £1,550,000 (7.60% NIY) assuming the usual purchasers costs.

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 Opportunties
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/stonegateportfolio

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.