Investment for sale - Royal Oak, Goodworth Clatford, Andover, SP11 7QY

<strong>Description</strong><br>The property comprises the basement, ground and first floor of a two storey detached building with painted brick and tiled-clad elevations beneath a pitched tiled roof.<br /> <br /> Basement: The basement provides the cellar.<br /> <br /> Ground Floor: The ground floor provides seating for 85 customers arranged as an L-shaped central bar servery with a relaxed loose seating to the front, centred around two fireplaces. To the rear there is a dining area. Ancillary areas include a trade kitchen and customer WC's each side.<br /> <br /> First Floor: The first floor comprises an office, lounge, living room, bathroom and three double bedrooms.<br /> <br /> External: There is a paved area with bench seating for 24 customers and a grassed area which could be developed to provide a garden. There is parking to the front and side rear for 25 vehicles.<br><br><strong>Tenancy</strong><br>The entire property is let to a private individual on a 5 year lease from 22 October 2024 at a current rent of £25,000 per annum, and an annual tie release fee of £27,248, which are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%. A rent deposit of £7,361 is held by the landlord. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.<br><br>