Description
The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched roof.

Accommodation
Ground Floor:
The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and benches for 100 customers. Ancillary areas include a trade kitchen, customer WC's and stores.

First Floor:
The first floor provides the managers accommodation which comprises a lounge, bathroom, kitchen and two bedrooms.

Externally:
There is a beer garden to the front with seating on wooden benches for 56 customers. There is parking to the rear for 60 vehicles.

Tenure
The property is held freehold (Title Number ST192851).

Tenancy
Entire property let to two private individuals on a 20 year lease from 12 November 2018 at a current rent of £122,347 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 £24,843 is held by the landlord.

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

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

EPC
C-60

Terms
We are instructed to invite offers in excess of £1,200,000 (9.63% NIY) assuming the usual purchasers costs.

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.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all 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.

Commercial Property in Monkton Heathfield

Investment for sale - Merry Monk, Monkton Heathfield, Taunton, TA2 8NE