Investment for sale - Green Man, 168 Wickham Street, Welling, DA16 3NL

<strong>Description</strong><br>The property comprises the ground, basement and first floor of a two storey detached building with painted brick and rendered elevations beneath a pitched and hipped roof.<br><br><strong>Accommodation</strong><br>Basement: The basement provides cellar and stores. <br /> <br /> Ground Floor: The ground floor provides two separate trading areas with a central bar servery and seating on loose tables and chairs to the front area for 32 customers. The rear area has further seating for 22 customers alongside a separate restaurant area with additional seating for 42 customers. Ancillary areas include customer WC's, trade kitchen and stores to the rear.<br /> <br /> First Floor: The first floor comprises the managers accommodation which provides a living room, office, three double bedrooms, one single room, kitchen, utility and bathroom.<br /> <br /> External: There is a customer area to the rear with seating on loose tables, chairs and benches for 124 customers along with children's play area. Additional seating is provided to the front elevation for a further 48 customers. There is parking at the front for 12 vehicles.<br><br><strong>Tenure</strong><br>The property is held on two freehold titles (Title Number SGL540325 and SGL57782).<br><br><strong>Tenancy</strong><br>The entire property is let to a private individual on a lease expiring 30 January 2033 at a current rent of £77,656 per annum which is subject to five yearly open market reviews and annual RPI increases with a cap of 3% (except in the open market review year). A rent deposit of £19,414 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>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>C-55<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £950,000 (7.73% 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>