Investment for sale - Bird In Hand, 62 Gravel Road, Bromley, BR2 8PF

<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 a central bar servery and seating on loose tables, chairs and bench seating for 55 customers. Ancillary areas include a beer store, trade kitchen, customer WC's and stores to the rear.<br /> <br /> First Floor: The first floor provides living accommodation comprising two bedrooms, study, kitchen, bathroom and sitting room.<br /> <br /> Basement: The basement provide cellar and stores.<br /> <br /> Externally: There is an enclosed customer area to the rear with seating on loose tables and a wooden benches for 6 customers. There is additional seating for 55customers to the side elevation by way of a beer garden. There is no parking.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number SGL34695).<br><br><strong>Tenancy</strong><br>The entire property is let to private individual on a 20 year lease from 26 October 2023 at a current rent of £86,609 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £20,339 is held by the landlord.<br><br><strong>Planning</strong><br>The property is not listed however it is situated within the Bromley, Hayes & Keston Commons 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 - 74<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £980,000 (8.36% 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>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><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. For further information and all viewing requests please contact the sole selling agents Savills.<br><br>