Oakwood AlderleyBrook Lane, Alderley Edge, SK9 7RU

Description
The property comprises the ground, basement and first floor of a detached building with brick elevations beneath a pitched slate covered roof.

Accommodation
Ground Floor: The ground floor provides an open plan trading area with seating for 60 customers with an additional private dining room for 12 customers. Ancillary areas include catering kitchen and accessible WC.

Basement: Beer cellar and stores.

First Floor: The first floor comprises ancillary accommodation including customer WC’s, two staff bedrooms, office and stores.

Externally: There is a beer patio to the front, side and rear. The car park is located to the side and provides parking for 20 vehicles.

Tenure
The property is held freehold (Title Number CH472903).

Tenancy
The entire property is let to Jungle Pubs Oakwood Limited on a 20 year lease from 4 October 2021 at a current rent of £74,970 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 3% and cap of 5%. The lease has an option to purchase in favour of the tenant at £1,200,000 until 6th October 2025.

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 on the basis the purchasing entity is VAT registered.

EPC
D-81

Terms
We are instructed to invite offers in excess of £940,000 (7.54% NIY) assuming the usual purchasers costs.

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

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.