Investment for sale - Bo-Peep, Hewitts Road, Orpington, BR6 7QL

<strong>Description</strong><br>The property comprises the ground, basement, first and second floors of a two storey detached building with painted rendered and flint elevations beneath a part pitched and part flat roof.<br><br><strong>Accommodation</strong><br>Basement: The basement provides cellar and stores.<br /> <br /> Ground Floor: The ground floor provides four trading areas around a central bar servery with seating on loose tables, chairs and bench seating for 60 customers. Ancillary areas include a trade kitchen, customer WC's and stores.<br /> <br /> First Floor: The first floor provides the managers accommodation which comprises a living room, bedroom and bathroom.<br /> <br /> Second Floor: The second floor in the roof eaves provides additional accommodation comprising two storage rooms.<br /> <br /> Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 52 customers. There is parking to the rear for 30 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number K27827).<br><br><strong>Tenancy</strong><br>Entire property let to two private individuals on a 20 year lease from 14 January 2022 at a current rent of £59,564 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 £13,000 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-61<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £730,000 (7.74% 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>