Investment for sale - Malthouse, Stockbridge Road, Timsbury, Romsey, SO51 0NG

<strong>Description</strong><br>The property comprises the ground, basement, and first floor of a two storey detached building with brick 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 a series of inter-connecting areas with a central bar servery and seating on loose tables and chairs for 88 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.<br /> <br /> First Floor: The first floor comprises two flats. Flat one has one bedroom, living room, kitchen and bathroom. Flat two has one bedsitting room and a bathroom. <br /> <br /> External: There is a large trade garden, children's play area, several patio areas with an outside servery and a marquee. There is seating for 168 customers on benches to the rear with seating for a further 24 customers at the front of the pub. There is parking to the front for 45 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number HP605078).<br><br><strong>Tenancy</strong><br>The entire property is let to The Malt House Pub Limited on a 20 year lease from 18 March 2019 at a current rent of £106,092 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 25,227 is held by the landlord.<br><br><strong>Planning</strong><br>The property is a Grade II Listed but is not 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>EPC in the course of preparation<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £1,225,000 (8.17% 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>