Investment for sale - Lamb Inn, 161 High Street, Worle, Weston-super-Mare, BS22 6JA

<strong>Description</strong><br>The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched roof.<br><br><strong>Accommodation</strong><br>Ground Floor: The ground floor provides two trading areas with a central bar servery and seating on loose tables, chairs, sofa's and bench seating for 48 customers. To the right rear is a skittle alley which provides additional seating for 44 customers. Ancillary areas include trade kitchen, customer WC's, two cellars and stores.<br /> <br /> First Floor: The first floor provides three bedrooms, one bathroom, kitchen, lounge, office and a roof terrace.<br /> <br /> Externally: There is an enclosed courtyard beer garden with seating on wooden benches and chairs for 44 customers. There is a car park on the opposite side of the road for approximately 11 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number AV239065).<br><br><strong>Tenancy</strong><br>Entire property let to M Day 2 Limited on a lease expiring 10 April 2032 at a current rent of £47,329 per annum which is subject to annual RPI increases with a collar of 2% and a cap of 5%. A rent deposit of £21,000 is held by the landlord.<br><br><strong>Planning</strong><br>The property is not listed or situated within a conservation area.<br><br><strong>Fixtures & Fittings</strong><br>The fixtures and fittings are currently owned by the occupational tenant.<br><br><strong>EPC</strong><br>D-80<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £475,000 (9.53% 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>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>