Investment for sale - Dovecote Inn, Alders Road, Capel, Tonbridge, TN12 6SU

<strong>Description</strong><br>The property comprises the ground and first floor of a two storey semi-detached building with part exposed brick and part painted elevations beneath a pitched and hipped 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 48 customers. Ancillary areas include a trade kitchen, customer WC's, cellar and stores.<br /> <br /> First Floor: The first floor provides additional managers accommodation comprising two bedrooms and a living room.<br /> <br /> Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 48 customers. Additional seating is provided adjacent to the car park on the grass for a further 20 customers. There is parking to the rear for 28 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number K460589).<br><br><strong>Tenancy</strong><br>Entire property let to Hebborns Hospitality Limited on a 20 year lease from 31 March 2023 at a current rent of £51,800 per annum which is subject to five yearly open market rent reviews and annual RPI increases with a collar of 2% and a cap of 5% (except in the open market review year). A rent deposit of £13,418 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>In the course of preparation.<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £625,000 (7.88% 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. For further information and all viewing requests please contact the sole selling agents Savills.<br><br>