Investment for sale - St. Georges Vaults, 53 St. Georges Place, Cheltenham, GL50 3LA

<strong>Description</strong><br>The property comprises the basement, ground, first and second floors of a three storey mid-terrace building with painted rendered elevations beneath a pitched roof.<br><br><strong>Accommodation</strong><br>Basement: The basement provides cellar and stores.<br /> <br /> Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and benches for 41 customers. Ancillary areas include customer WC's and stores.<br /> <br /> First Floor: The first floor provides the managers accommodation which comprises a bathroom, kitchen and living room.<br /> <br /> Second Floor: The second floor provides additional managers accommodation comprising three bedrooms.<br /> <br /> Externally: There is an enclosed customer area to the rear with seating on loose tables, chairs and benches for 57 customers.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number GR238514).<br><br><strong>Tenancy</strong><br>Entire property let to Tokenmark Limited on a lease expiring 14 October 2032 at a current rent of £34,572 per annum which is subject annual RPI increases with a collar of 2% and a cap of 4%. A rent deposit of £8,375 is held by the landlord.<br><br><strong>Planning</strong><br>The property is not listed but is situated within the Central (Cheltenham) 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>C - 66.<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £450,000 (7.35% 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>