Investment for sale - Crown & Anchor, 19 Park Road, Bromley, BR1 3HJ

<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 part pitched roof behind a parapet wall and part flat 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 trading area with central bar servery and seating on loose tables and chairs for 30 customers. There is an additional trading area to the rear with seating for 26 customers. Ancillary areas include a trade kitchen, prep kitchen and customer WC's.<br /> <br /> First Floor: The first floor comprises two double bedrooms, kitchen, living room and bathroom.<br /> <br /> External: There is an enclosed customer area to the rear with seating on loose tables and chairs for 44 customers. Additional seating is provided to the front elevation for a further 52 customers.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number SGL52000).<br><br><strong>Tenancy</strong><br>The entire property is let to Crown and Anchor Bromley Limited on a 20 year lease from 16 October 2018 at a current rent of £72,811 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £17,119 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>E-106<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £925,000 (7.45% 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>Viewing</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>