Investment for sale - Queens Arms, 1 Kilburn High Road, London, NW6 5SE

<strong>Description</strong><br>The property comprises a traditional two-storey building arranged over a basement, ground, and first floors. The elevations are of painted brick set beneath a multi-pitched clay tile roof and complemented by sash fenestration.<br><br><strong>Accommodation</strong><br>Ground Floor: <br /> The ground floor comprises multiple trade areas with a central bar servery. The right-hand bar includes a corner servery and loose seating for approximately 32 customers. The left-hand bar leads to a rear restaurant area accommodating approximately 46 covers. The main bar area offers loose seating for approximately 56 customers. Ancillary facilities include two sets of customer WC’s.<br /> <br /> First Floor: The first floor comprises a commercial kitchen with a dumb waiter, along with a staff WC and shower room. The remainder of the floor provides living accommodation, including four bedrooms, a kitchen, a bathroom and a separate WC.<br /> <br /> Basement: The basement includes a large beer cellar with additional storage areas, as well as a section currently used as the manager’s office.<br /> <br /> Externally: Externally, there is an outdoor trade area located at the front of the building which falls within our clients' ownership. To the side, additional seating is provided on benches positioned outside our clients' demise. A small car park is also situated to the rear of the property.<br><br><strong>Premises Licence</strong><br>The property has the benefit of a Premises Licence in accordance with the Licensing Act 2003 the premises are permitted to sell alcohol at the following times: <br /> <br /> - Monday to Thursday : 10:00 - 23:30<br /> - Friday to Saturday: 10:00 - 00:00<br /> - Sunday: 12:00 - 22:30<br><br><strong>Planning</strong><br>The site falls within the sui generis pub use class and lies outside of any designated floor zones. The building does not have a listing with Heritage England and is not situated within a Conservation Area.<br /> <br /> The local authority for the site is City of Westminster, and further information can be found on their website: www.westminster.gov.uk<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number NGL376738).<br><br><strong>Tenancy</strong><br>The property is held under a tied tenancy to a private individual, initially granted in 2015, and operating on a three-year rolling agreement. The current rent is £85,770.59 per annum, with the tenancy benefitting from the protection of the Landlord & Tenant Act 1954. The lease benefits from annual RPI linked rent reviews in addition to 3 yearly rent reviews. The next expiry or review date is 4 February 2027.<br /> <br /> The agreement is internal repairing and the tenant is tied to purchase all beer and cider from the landlord. Further details are available upon request.<br><br><strong>EPC</strong><br>B-45.<br><br><strong>Rateable Value</strong><br>2023 - £68,000.<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £2,000,000 plus VAT, if applicable, for the freehold interest which will be sold subject to and with the benefit of the existing lease agreement.<br><br><strong>VAT</strong><br>VAT, if applicable, will be payable in addition to the purchase price at the appropriate rate.<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 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>