Description
The property comprises the ground, basement and two upper floors of a part two and part three storey detached building with brick elevations beneath a pitched and hipped roof.

Accommodation
Basement: The basement provides cellar, stores and prep kitchen.

Ground Floor: The ground floor provides a trading area split in two around a central bar servery with the rear trading area laid out with loose tables, chairs and bench seating for 36 customers. The front trading area provides additional seating for 43 customers with further seating for 11 customers by the bar. Ancillary areas include customer WC's and a trade kitchen.

First Floor: The first floor comprises the kitchen, living room, bathroom, office, three double bedrooms and a small room. There is a WC at mezzanine level between ground and first floor.

Second Floor: The second floor provides three rooms, two double bedrooms and one single room. There is a WC at mezzanine level between first and second floor.

External: There is an enclosed courtyard to the rear with seating on loose tables, chairs and bench seating for 35 customers. There is parking to the side for 4 vehicles.

Tenure
The property is held freehold (Title Number 340101). There are rights of way over the area outlined in blue to the car park at the side of the pub.

Tenancy
The entire property is let to Meatailer Limited on a 15 year lease from 10 May 2021 at a current rent of £125,063 per annum which is subject to five yearly open market reviews and annual RPI with a collar of 1% and cap of 3% (except in the open market review year). A rent deposit of £28,696 is held by the landlord.

Planning
The property is not listed or situated within a conservation area.

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.

EPC
C-53

Terms
We are instructed to invite offers in excess of £1,450,000 (8.1% NIY) assuming the usual purchasers costs.

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

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

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

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.

For further information and all viewing requests please contact the sole selling agents Savills.

Commercial Property in 7 Dartmouth Road

Investment for sale - Dartmouth Arms, 7 Dartmouth Road, London, SE23 3HN