Bridge Arms53 High Street, Bridge, Canterbury, CT4 5LA

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

Specifications
Ground Floor: The ground floor provides two trading areas with a central bar servery and seating on loose tables, chairs and bench seating for 68 customers. Ancillary areas include a trade kitchen, customer WC's, cellar and stores.

First Floor: The first floor provides the office/store room and part of the managers accommodation which comprises two bedrooms, living room, two bathrooms and kitchen.

Second Floor: The second floor provides additional managers accommodation comprising two bedrooms.

Externally: There is a beer garden to the rear with seating on loose tables and chairs for 110 customers, as well as a children’s climbing frame and an outdoor bar. There is parking to the rear for 19 vehicles.

Tenure
The property is held freehold (Title Number K829171).

Tenancy
Entire property let to Hewitt Smith Limited on a 20 year lease from 19 March 2021 at a current rent of £82,740 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £39,856 is held by the landlord.

Planning
The property is Grade II Listed and situated within the Bridge Conservation Area.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

EPC
C-65

Terms
We are instructed to invite offers in excess of £900,000 (8.7% NIY) assuming the usual purchasers costs.

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.

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
All viewings must be made by prior appointment. For further information and all viewing requests please contact the sole selling agents Savills.