0 Bed Commercial Property For Sale

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

Location
Located in Brookthorpe in the county of Gloucestershire, 4.3 miles (6.9 kilometres) south of Gloucester city centre and 32.9 miles (52.6 kilometres) north of Bristol.

The Fagins is situated fronting Stroud Road in a rural village area, a short distance south of Gloucester city centre where operators such as The Tall Ships, The Fountain Inn, The Jet Age Café and The Olive Branch are located alongside local attractions including Gloucester Cathedral and the Gloucester Docks.

Accommodation
Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables, chairs and bench seating for 90 customers. Ancillary areas include a trade kitchen, customer WC's, cellar and stores to the rear.

First Floor: The first floor comprises the managers flat with a bathroom and kitchen.

Second Floor: The second floor provides additional managers accommodation comprising one bedroom.

External: There is an enclosed customer area to the rear with seating on loose tables and chairs for 25 customers along with further seating for 80 customers to the side garden. There is parking to the side and rear for 50 vehicles.

Tenure
The property is held freehold (Title Number GR240877).

Tenancy
The entire property is let to Quality Inns Of Gloucestershire Limited on a 20 year lease from 5 August 2022 at a current rent of £56,955 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £16,250 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
C-80

Terms
We are instructed to invite offers in excess of £750,000 (7.20% 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:

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.