Description
The property comprises the ground and first floor of a two storey end-terrace corner building with exposed brick elevations beneath a flat roof.

Accommodation
Ground Floor: The ground floor provides an open plan trading area with a central horseshoe bar servery with seating on loose tables, chairs and benches for 68 customers. A separate dining area is located to the rear, suitable for approximately 57 customers. Ancillary areas include customer WC's, trade kitchen and beer cellar.

First Floor: The first floor comprises managers accommodation with two double bedrooms, a bedroom/managers office, a utility room and bathroom.

Externally: There is a customer area to the front with seating on loose tables and chairs for 6 customers.

Planning
The property is not listed or situated within a conservation area. However, the property is located within a Zone 3 Flood Zone.

EPC
C-57

VAT
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.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Tenure & Tenancy
The property is held freehold (Title Number BK88678). The entire property is let to a private individual on a 30 year lease from 12 February 1992. The tenant is currently holding over. The current rent is £29,000 per annum, which is subject to five yearly open market rent reviews. In addition the tenant has an obligation to purchase beer and cider from the landlord.

Release of Tie
The landlord may give notice to release the Tenant from any or all purchasing obligations and may choose to review the rent to the open market rent by serving a review notice.

Total Income
The total income is derived from rent and margin from the sale of beer and cider.

For further details of the historic income and barrelage please refer to the marketing brochure.

The Tied Income
This lease requires the tenant to purchase all beer and cider from the landlord. The purchaser can set up a supply agreement with a supplier, such as Molson Coors, who will supply to the tenant. This will then provide an income from the sale of drinks. The potential total income to the purchaser from the sale of drinks is estimated, but not warranted, to be in the region of £14,000, producing a total potential income of £43,000 per annum. Further details are available to interested parties on request.

Terms
We are instructed to invite offers in excess of £850,000 assuming the usual purchasers costs.

Similar Investment Opportunities
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: https://sites.savills.com/stonegateportfolio

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings
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.

Commercial Property in 50 Bexley Street

Leisure for sale - Bexley Arms, 50 Bexley Street, Windsor, SL4 5BX