Investment for sale - Teddington Hands Inn, Evesham Road, Teddington, Tewkesbury, GL20 8NE

<strong>Description</strong><br>The property comprises the ground, basement and first floor of a two 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 a central bar servery and seating on loose tables, chairs and bench seating for 89 customers. Ancillary areas include a trade kitchen, customer WC's and cellar.<br /> <br /> First Floor: The first floor has separate access from the car park and comprises a kitchen, bathroom, living room and three double bedrooms. <br /> <br /> Externally: There is an enclosed customer area to the front and rear with seating on loose tables and chairs for 115 customers. There is parking for 27 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number GR235560).<br><br><strong>Tenancy</strong><br>The entire property is let to Quality Inns of Gloucestershire Limited on a 20 year lease from 15 September 2022 at a current rent of £71,007 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £15,736 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-73<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £760,000 (8.86% 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>