Investment for sale - Roundhill, 100 Ditchling Road, Brighton, BN1 4SG

<strong>Description</strong><br>The property comprises the ground, basement and first floors of an end of terrace building with painted rendered elevations beneath a pitched and hipped roof.<br><br><strong>Virtual Tour</strong><br>Please see a link below to the virtual tour:<br /> <br /> https://vt.ehouse.co.uk/Ush9UYnjdf3<br><br><strong>Accommodation</strong><br>Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating for 52 customers. Ancillary areas include a trade kitchen and female WC's.<br /> <br /> Basement: Cellar, stores and male WC's. <br /> <br /> First Floor: The first floor comprises a living room, two bedrooms, kitchen and bathroom.<br /> <br /> Externally: There is patio to the front and side of the property with seating for 30 customers.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number SX133346).<br><br><strong>Tenancy</strong><br>The entire property is let to La Planta Limited on a 10 year lease from 30 March 2023 at a current rent of £57,055 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £13,927 is held by the landlord.<br><br><strong>Planning</strong><br>The property is not listed but is situated within Roundhill 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-97<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £630,000 (8.61% NIY) assuming the usual purchasers costs.<br><br><strong>Fixtures & 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 purchasers. Prospective purchasers will need to provide proof of identity and residence.<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>