Investment for sale - Moorings, 14 Bridge Street, Barrow upon Soar, Loughborough, LE12 8PN

<strong>Description</strong><br>The property comprises the ground and first floor of a part two and part single storey detached building with painted brick elevations beneath a pitched roof.<br><br><strong>Accommodation</strong><br>Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables, chairs, sofas and benches for 124 customers. Ancillary areas include a trade kitchen, customer WC's, managers office and stores to the rear.<br /> <br /> First Floor: The first floor provides managers accommodation with a kitchen, double bedroom, living room, bathroom and WC.<br /> <br /> External: There is a large canalside customer area to the front with seating on loose tables, chairs and benches for 270 customers. Additional seating is provided to the front elevation for a further 24 customers. There is parking to the front for 40 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number LT121448).<br><br><strong>Tenancy</strong><br>The entire property is let to Barrow Upon Soar Pubs Limited on a 20 year lease from 22 March 2019 at a current rent of £101,843 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £22,051 is held by the landlord.<br><br><strong>Planning</strong><br>The property is not listed but it is located within the Barrow upon Soar Conservation Area.<br><br><strong>VAT</strong><br>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.<br><br><strong>EPC</strong><br>D-77<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £1,150,000 (8.4% NIY) assuming the usual purchasers costs.<br><br><strong>Fixtures and Fittings</strong><br>The fixtures and fittings are currently owned by the occupational tenant.<br><br><strong>Money Laundering</strong><br>Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.<br><br><strong>Similar Investment Opportunities</strong><br>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<br><br><strong>Viewings</strong><br>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.<br /> <br /> For further information and all viewing requests please contact the sole selling agents Savills.<br><br>