Investment for sale - Hobnails Inn, Little Washbourne, Tewkesbury, GL20 8NQ

<strong>Description</strong><br>The property comprises the ground and first floors of a two storey detached building with a mix of wooden clad, exposed brick and painted elevations beneath a multi-pitched roof.<br><br><strong>Accommodation</strong><br>Ground Floor: The ground floor provides an open plan trading area with a central bar servery and separate restaurant area to the rear with seating on loose tables, chairs and bench seating for 120 customers. Ancillary areas include a trade kitchen, customer WC's, stores and cellar.<br /> <br /> First Floor: The first floor provides the managers accommodation which comprises an en-suite bedroom, kitchen, living room and utility room. <br /> <br /> Externally: There is a beer garden to the rear with seating on wooden benches for 290 customers. There is parking to the side of the pub for 56 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number GR235556).<br><br><strong>Tenancy</strong><br>Entire property let to Quality Inns of Gloucestershire Limited on a lease expiring 23 December 2049 at a current rent of £84,569 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 £17,863 is held by the landlord.<br><br><strong>Planning</strong><br>The property is not listed or 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>C - 63<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £1,075,000 (7.43% 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>