Investment for sale - Crown & Stirrup, 12 Clay Hill, Lyndhurst, SO43 7DE

<strong>Description</strong><br>The property comprises the ground and first floor of a two storey detached building with painted brick 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 central bar servery and seating on loose tables and chairs for 40 customers. Ancillary areas include a trade kitchen and customer WC's. There is a separate single storey building within the car park that provides a beer cellar and stores. <br /> <br /> First Floor: The first floor comprises two bedrooms, living room and bathroom. <br /> <br /> External: There is an enclosed customer area to the rear with separate bar servery and seating on loose tables and chairs for 68 customers. There is parking to the rear for 18 vehicles.<br><br><strong>Tenure</strong><br>The property is held on two freehold titles (Title Numbers HP605137 and HP605138).<br><br><strong>Tenancy</strong><br>The entire property is let to a private individual on a 20 year lease from 9 December 2024 at a current rent of £52,000 per annum which is subject to five yearly open market reviews and annual RPI with a collar of 2% and cap of 6% (except in the open market review year). A rent deposit of £13,137 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-61<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £600,000 (8.25% 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>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>