Brave New World, 22-26 Berrylands Road, KT5

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Key Points

Summary

Substantial Public House In Affluent Location With Significant Letting Accommodation For Sale

Description

The three storey semi detached building is arranged over basement, ground and two upper floors and is of brick construction under a pitched slate covered roof.

Externally to the rear is terrace used for customer seating which is currently laid out for 14 covers.

Location

Located in the affluent commuter town of Surbiton, Brave New World is nestled between the A240 Ewell Road and King Charles Road, just a short walk from Surbiton Railway Station, providing direct access to Central London in under 20 minutes. The area benefits from its proximity to Kingston upon Thames, a thriving commercial and retail hub with a wealth of amenities, including Kingston University, which boasts a student population of over 15,000.

The location is surrounded by a vibrant mix of local businesses, including popular cafes, independent shops, and restaurants. Additionally, the nearby Green Lane offers picturesque green spaces and parks, adding to the area's charm.

Availability_text

The accommodation comprises the following areas:

Ground Floor - The ground floor provides an open plan trading area with central bar servery and seating on a mix of loose tables and seating. To the rear of the main bar is a separate function room which regularly hired out for private events. Ancillary areas comprise a catering kitchen, storage cupboard, two sets of customer WC’s and an accessible WC.

Basement - The property has two basements, one of which is used as a beer cellar and the other for storage.

First Floor - The first floor comprises of 6 letting bedrooms, a shared kitchen, shower room with WC and a further separate WC. In addition there is a two bedroom apartment. The residential accommodation has self contained entrances.

Second Floor - The second floor has a further 5 letting bedrooms, shared kitchen and shower room with WC.

Tenure

22-24 Berryfields Road is held freehold and includes the majority of the trading area for the ground floor bar, the WC’s, the function room, one of the basements and the 11 letting bedrooms at first and second floor.

26 Berryfields Road is held by way of a lease for a term of 15 years from 11th December 2022 at a current rent of £21,000 per annum. The rent is subject to five yearly upwards only rent reviews on the 11th December 2027 and 11th December 2032. The lease is subject to a mutual break clause on the 11th December 2027 and 11th December 2032. This includes part of the bar area at ground floor, the catering kitchen, one of the basements and the two bedroom apartment at first floor.

Tenancy

The public house operation is currently operated by the vendor so will be sold with vacant possession.

The 11 bedrooms are all currently individually let on Assured Shorthold Tenancies (AST’s) at a rent of £570 per month so when fully occupied, as they are at present, they are capable of generating a total rental income of £75,240 per annum. The 2 bedroom apartment is currently held on an AST at a rent of £21,324 per annum.

Planning

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

EPC

The public house and letting bedrooms have an EPC rating of B-39. The 2 bed apartment has an EPC of D-58.

Terms

Offers in excess of £1,500,000 plus VAT are invited for the benefit of the freehold and leasehold interests subject to and with the benefit of the current tenancies generated from the residential elements.

Fixtures & Fittings

The fixtures and fittings in the public house are included as part of the sale with the exception of any leased and branded items.

Viewings

All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the staff working at the premises.

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

Money Laundering

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