Freehold investment for sale on behalf of the joint fixed charge receivers
Description
The Property comprises a two storey detached brick-built building, with a two storey addition to the front, which sits beneath a pitched slate covered roof and flat roof.
The total site area extends to 0.17 acres.
Ground Floor: The ground floor provides a central bar servery and seating for 150 customers with standing space surrounding the snooker tables. Ancillary areas include customer WC’s and a ground floor cellar.
Lower Ground Floor: The basement floor provides a function room for 150 customers with a stage area and dancefloor. Ancillary areas include disabled WC’s, customer WC’s, manager’s office, commercial kitchen, and stores.
Externally: To the side there is an enclosed ground floor drinking terrace for approximately 120 covers.
Tenure
The Property is held freehold (title numbers SYK399964 and SKY399965).
Tenancy
The entire Property is Let to Hotel Van Dyk Limited (company number 07922515) on a 4 year lease from 2020 to January 2024 at a passing rent of £70,000 per annum which is subject to annual RPI increases. The rent payment dates are 25 March, 24 June, 29 September, and 25 December.
Services
We understand all main services are connected. However all interested parties should make their own enquiries to the relevant authorities regarding the suitability, capacity and exact location of services.
Fixtures and Fittings
No fixtures and fittings will be included in the sale unless agreed. Any third party items, such as gaming machines, dispense equipment, sound systems etc, will also be excluded.
Rateable Value
The subject Property is entered in the 2023 Rating List with a Rateable Value of £29,750.
Energy Performance Cetrificate
EPC rating of D-81 which is valid until 11 January 2030.
Terms
We are instructed to invite unconditional offers for the freehold investment. The sale is to be in standard terms for a sale by Receivers with no guarantees or indemnities or warranties as to the Title or otherwise.
Licence
The Property has been granted a Premises Licence in accordance with the Licensing Act 2003.
VAT & Stamp Duty Land Tax
Figures stated are exclusive of VAT (if applicable). VAT may be applicable at the prevailing rate.
Legal Costs
Each party to be responsible for their own legal and professional costs incurred in this transaction.
Money Laundering
Money Laundering Regulations may require Savills to conduct checks upon all purchasers. Prospective purchasers may need to provide proof of identity and residence.
Viewing
All viewings must be arranged strictly by appointment with the sole selling agents Savills.
D (81)