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Agent's details

Robin Hood, 142 Thorpe Lea Road, TW20

For sale: £580,000.00|0.09 Acre|Other, Pubs/Bars/Clubs, Other Property Types & Opportunities, Licensed & Leisure

Property details

FOR SALE£580,000.00
SIZE0.09 Acre
ADDRESSRobin Hood, 142 Thorpe Lea Road, Egham, TW20 8HA
TYPEOther, Pubs/Bars/Clubs, Other Property Types & Opportunities, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON8th April 2024

Description

Key Points

  • Freehold public house investment
  • Entire property let to a private individual
  • Property arranged over ground and first floors
  • Current rent of £42,000 per annum
  • We are instructed to invite offers in excess of £580,000 (6.9% NIY)
  • Lease expires October 2029
  • The rent is subject to five yearly open market reviews
  • Business unaffected by sale
  • Summary

    Freehold public house investment for sale let until 2029 at a rent of £42,000 per annum

    Description

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

    Location

    Located in the town of Egham in the Borough of Runnywede, Surrey, 1.0 mile (1.6 kilometres) south of Staines, 6.6 miles (10.6 kilometres) southeast of Windsor and 19.0 miles (30.6 kilometres) west of London.

    The Robin Hood is situated fronting Thorpe Lea Road at the intersection with Pond Road, equidistant between Egham and Staines. The surrounding area is a mix of residential and commercial with Egham Town Football Club a short distance to the north and Pooley Green directly opposite.

    Accommodation

    Ground Floor: The ground floor provides two trading areas with an interconnecting central bar servery with seating on loose tables and chairs for 44 customers. Ancillary areas include customer WC’s and cellar to the rear.

    First Floor: The first floor provides the managers accommodation comprising three bedrooms, kitchen, living room, office area and bathroom.

    Externally: There is an enclosed customer area to the rear which provides a shisha lounge with seating for 62 customers. Ancillary areas include a bar servery and kitchen prep.

    Tenure

    The property is held freehold (Title Number SY373040).

    Tenancy

    The entire property is let to private individual on a 30 year lease from 1 October 1999 at a current rent of £42,000 per annum which is subject to five yearly open market reviews with the next review in October 2024. A rent deposit of £13,184 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

    D-77

    Terms

    We are instructed to invite offers in excess of £580,000 (6.9% 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.

    Location

    marker
    Location: Robin Hood, 142 Thorpe Lea Road, Egham, TW20 8HA

    Heathrow Terminal 4 (4.2 miles)

    Heathrow Terminals 123 (4.4 miles)

    Hatton Cross (5.3 miles)

    Egham (0.8 miles)

    Staines (1.2 miles)

    Virginia Water (2.2 miles)

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