Investment for sale - Coventry Arms, Mill Street, Corfe Mullen, Wimborne, BH21 3RH

<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 slate.<br><br><strong>Accommodation</strong><br>Ground Floor: The ground floor provides a number of interconnecting trading areas around a central bar servery with seating on loose tables and chairs for 38 customers. To the rear is a restaurant area with further seating for 66 customers. Ancillary areas include a trade kitchen and customer WC’s<br /> <br /> First Floor: The first floor comprises four bedrooms, two bathrooms, a living room and kitchen. <br /> <br /> External: There is a large beer garden to the rear with river frontage and seating on loose tables and chairs for 100 customers. There is parking to the side and rear for 30 vehicles.<br><br><strong>Tenure</strong><br>The property is held on three freehold titles (Title Number DT296546, DT275811 and DT75565)<br><br><strong>Tenancy</strong><br>The entire property is let to a private individual on a 20 year lease from 23 September 2022 at a current rent of £81,430 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 £20,361 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 £750,000 (10.30% 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>