Investment for sale - Foresters Arms, 10 Brookley Road, Brockenhurst, SO42 7RR

<strong>Description</strong><br>The property comprises the ground and first floor of a two storey detached property with brick elevations beneath a pitched and hipped roof.<br><br><strong>Accommodation</strong><br>Ground Floor: The ground floor provides open plan trading area with a central U-shaped bar servery and seating on loose tables, chairs, and bench seating for 35 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.<br /> <br /> First Floor: The first floor comprises managers accommodation with two bedrooms, a living room and a bathroom.<br /> <br /> Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 60 customers. There is no parking.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number HP601573).<br><br><strong>Tenancy</strong><br>The entire property is let to FAPCO Ltd on a 20 year lease from 4 August 2022 at a current rent of £70,229 per annum which is subject to annual RPI increases with a collar 2% and a cap of 5%. A rent deposit of £11,800 is held by the landlord.<br><br><strong>Planning</strong><br>The property is Grade II Listed and is situated within the Brockenhurst 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-51<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £1,100,000 (6.03% 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><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: https://sites.savills.com/stonegateportfolio<br><br>