Investment for sale - Trout Inn, Faringdon Road, Lechlade, GL7 3HA

<strong>Description</strong><br>The property comprises the ground, first and second floors of a three storey detached building with exposed stone elevations beneath a multi-pitched roof. There is a single storey outbuilding with exposed brick elevations beneath a pitched roof.<br><br><strong>Accommodation</strong><br>Ground Floor: The ground floor provides an open plan bar area with a central bar servery as well as a separate restaurant area to the rear with seating on loose tables, chairs and benches for 80 customers. Ancillary areas include a trade kitchen, customer WC's, stores and cellar.<br /> <br /> First Floor: The first floor provides the managers accommodation which comprises two double bedrooms, living room, bathroom, kitchen and managers office.<br /> <br /> Second Floor: The second floor provides additional ancillary storage. <br /> <br /> Outbuilding: The outbuilding provides an open plan trading area with a central bar servery and seating on loose tables and chairs for 30 customers. The first floor provides staff accommodation with two double bedrooms.<br /> <br /> Externally: There is a beer garden to the rear with seating on wooden benches for 126 customers. There is parking to the rear for 18 vehicles.<br><br><strong>Tenancy</strong><br>Entire property let to a private individual on a 10 year lease from 11 April 2023 at a current rent of £53,230 per annum which is subject to annual RPI increases with a collar of 2% and a cap of 4% (except in the open market review year). No rent deposit is held by the landlord.<br /> <br /> The tenant receives additional income of c£13,000 per annum from 9 boat mooring licenses.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number GR164409).<br><br><strong>Planning</strong><br>The property is Grade II Listed but not situated within a conservation area.<br><br><strong>Fixtures and 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 £800,000 (6.31% 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>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:<br /> 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>