Investment for sale - Bridge Arms, 53 High Street, Bridge, Canterbury, CT4 5LA

<strong>Description</strong><br>The property comprises the ground, first and second floors of a two storey detached building with painted rendered elevations beneath a pitched and hipped roof.<br><br><strong>Specifications</strong><br>Ground Floor: The ground floor provides two trading areas with a central bar servery and seating on loose tables, chairs and bench seating for 68 customers. Ancillary areas include a trade kitchen, customer WC's, cellar and stores.<br /> <br /> First Floor: The first floor provides the office/store room and part of the managers accommodation which comprises two bedrooms, living room, two bathrooms and kitchen.<br /> <br /> Second Floor: The second floor provides additional managers accommodation comprising two bedrooms.<br /> <br /> Externally: There is a beer garden to the rear with seating on loose tables and chairs for 110 customers, as well as a children’s climbing frame and an outdoor bar. There is parking to the rear for 19 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number K829171).<br><br><strong>Tenancy</strong><br>Entire property let to Hewitt Smith Limited on a 20 year lease from 19 March 2021 at a current rent of £79,711 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £39,856 is held by the landlord.<br><br><strong>Planning</strong><br>The property is Grade II Listed and situated within the Bridge Conservation Area.<br><br><strong>Fixtures & Fittings</strong><br>The fixtures and fittings are currently owned by the occupational tenant.<br><br><strong>EPC</strong><br>C-65<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £900,000 (8.38% 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>Viewings</strong><br>All viewings must be made by prior appointment. For further information and all viewing requests please contact the sole selling agents Savills.<br><br>