Investment for sale - The Bell, The Green, Tanworth-in-Arden, Solihull, B94 5AL

<strong>Description</strong><br>The property comprises the ground, basement and first floors of a two storey semi-detached building with painted brick elevations beneath a pitched roof.<br><br><strong>Accommodation</strong><br>Basement: The basement provides cellar and stores. <br /> <br /> Ground Floor: The ground floor provides an open plan bar and restaurant area with a central bar servery and seating on loose tables, chairs and bench seating for 86 customers. Ancillary areas include a trade kitchen, customer WC's and stores.<br /> <br /> First Floor: The first floor provides seven en-suite letting rooms. <br /> <br /> Second Floor: The second floor provides a manager's office.<br /> <br /> Outbuilding: The outbuilding to the rear of the property provides two additional en-suite hotel letting rooms. <br /> <br /> Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 32 customers. Additional seating is provided on the Green opposite for a further 46 customers which is held by way of a pavement licence. There is parking to the rear for 21 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number WK393418).<br><br><strong>Tenancy</strong><br>Entire property let to The Bell on the Green Limited on a 20 year lease from 15 August 2024 at a current rent of £98,800 per annum which is subject to five yearly open market rent reviews and annual RPI increases with a collar of 2% and a cap of 4% (except in the open market review year). A rent deposit of £24,145 is held by the landlord.<br><br><strong>Planning</strong><br>The property is Grade II Listed and located in the Tanworth in Arden Conservation Area.<br><br><strong>Fixtures and Fittings</strong><br>The fixtures and fittings are currently owned by the occupational tenant.<br><br><strong>EPC</strong><br>C - 75.<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £1,250,000 (7.46% NIY) assuming the usual purchasers costs.<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>Money Laundering</strong><br>Money Laundering Regulations require Savills to conduct checks upon all 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:<br /> https://sites.savills.com/stonegateportfolio<br><br><strong>Viewings</strong><br>All viewings must be made by prior appointment. For further information and all viewing requests please contact the sole selling agents Savills.<br><br>