Investment for sale - Chequers, 10 Stratton Road, Hainford, Norwich, NR10 3AY

<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. There is a single storey detached outbuilding to the rear with 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 seating on loose tables, chairs and bench seating for 90 customers. Ancillary areas comprises customer WC's, cellar and trade kitchen.<br /> <br /> First Floor: The first floor provides the managers accommodation which comprises two bedrooms, kitchen, bathroom and living room.<br /> <br /> Outbuilding: There is a separate single storey outbuilding to the rear used for storage.<br /> <br /> Externally: There is a beer garden to the front, side and rear with seating on wooden benches and tables and chairs for 240 customers. There is parking to the front for 25 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Numbers NK120841 & NK481020).<br><br><strong>Tenancy</strong><br>Entire property let to The Chequers Hainford Limited on a 15 year lease from 28 February 2022 at a current rent of £61,736 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 £14,746 is held by the landlord.<br><br><strong>Planning</strong><br>The property is Grade II Listed but not situated within a 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>D-87.<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £690,000 (8.50% 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>Viewing</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>