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

Basement: Beer cellar and storage.

Ground Floor: The ground floor provides split trading accommodation, with the main lounge bar providing seating for 45 customers and the public bar providing seating for 25 customers over loose tables, chairs and fixed bench seating. Ancillary areas include the customer WC’s, a single gentlemen’s WC, and an accessible toilet.

First Floor: The first floor comprises manager’s accommodation consisting of three bedrooms, living room, kitchen, office, and WC.

Tenure
The Property is held freehold (Title Number CH468168).

Tenancy
The entire property is let to two private individuals on a 20 year lease from 6 April 2017 at a current rent of £74,319 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £17,915.72 is held by the landlord.

Planning
The Royal Oak Hotel is a not listed or situated within a conservation area.

Data Room
https://sites.savills.com/tavernportfolio/en/page_171176.php

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 that the purchasing entity is VAT registered.

EPC
D-82.

Terms
We are instructed to invite offers in excess of £850,000 (8.28% NIY).

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.