Bladebone, Chapel Row, RG7

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Key Points

Summary

Freehold public house investment for sale let until February 2040 at a current rent of £71,394 per annum

Description

The property comprises the ground, basement and first floor of a two storey detached building with exposed brick elevations beneath a pitched and hipped roof.

Location

Located in the hamlet of Chapel Row, in the county of Berkshire, 8.4 miles (13.4 kilometres) east of Newbury and 10.4 miles (16.6 kilometres) west of Reading.

The Bladebone is situated fronting The Avenue in a mixed residential and agricultural area and adjacent to a popular independent cafe.

Availability_text

The accommodation comprises the following areas:

Basement: The basement provide Cellar and Stores.

Ground Floor: The ground floor provides an open plan trading area over split levels with a central bar servery and seating on loose tables, chairs and bench seating for 55 customers. Ancillary areas include a trade kitchen, WC's and a separate cellar to the rear.

First Floor: The first floor comprises manager's accommodation which provide a kitchen, bathroom, two large double bedrooms and office.

Externally: The trade garden is extensive with a paved patio area, covered garden and large lawned area with seating for approximately 40 covers. At the front of the property there is parking for 10 vehicles.

Virtual Tour

Please see the link below to access the Virtual Tour:
https://vt.ehouse.co.uk/bNFnTAiFDzj

Tenure

The property is held freehold (Title Number BK368179).

Tenancy

The entire property is let to a RCS Pubs Limited on a 20 year lease from 27 February 2020 at a current rent of £71,394 per annum which is subject to five yearly open market rent reviews and annual RPI increases with a cap of 10% (except in the open market review year). A rent deposit of £11,457 is held by the landlord.

Planning

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

VAT

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 - 79

Terms

We are instructed to invite offers in excess of £890,000 (7.60% 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.

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.