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

Accommodation
Ground Floor: The ground floor provides an open plan trading area with an L-shaped bar servery and seating on loose tables, chairs and bench seating for 84 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.

First Floor: The first floor comprises part of the manager’s flat, including three bedrooms, lounge, kitchen and bathroom.

Externally: There is seating on wooden benches for 120 customers and parking to the rear for 35 vehicles. An external barn is used for storage.

Tenure
The property is held freehold (Title Numbers HP598465 & HP256447).

Tenancy
The entire property is let to The Woolpack Inn (Sopley) Limited on a 20 year lease from 8 December 2021 at a current rent of £100,027 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 4% (except in the open market review year). A rent deposit of £22,645 is held by the landlord.

Planning
The property is Grade II Listed and is situated within the Sopley 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
B - 40

Terms
We are instructed to invite offers in excess of £1,060,000 (8.92% 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 Sopley

Investment for sale - Woolpack Inn, Sopley, Christchurch, BH23 7AX