Kervan Kitchen, Church Lane, Doddinghurst, Brentwood, CM15 0NG

Property Details: • Type: 7,129 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Restaurant is let to Willow Essex Limited who operate 4 Turkish restaurants under Kervan Kitchen • Restaurant arranged over ground floor only extending to 6,580 Sq Ft (611 Sq M) • Current restaurant rent of £58,456 per annum • Restaurant lease expires April 2039 • The restaurant rent is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year) • We are instructed to invite offers in excess of £1,025,000 (6.75% NIY) • Tenancy at Will on the retail unit adjoining Kervan Kitchen let at £15,006 per annum • Total income of £73,462 per annum • Large 0.94 acre site

Location: • Nearest Station: Shenfield Station • Distance to Station: 2.9 miles

Agent Information: • Address: 33 Margaret Street, London, W1G 0JD

Full Description: DescriptionThe property comprises the ground floor only of a single storey detached building with exposed brick elevations beneath a pitched and hipped roof.There is a single storey detached building adjacent to the restaurant which is let separately.LocationLocated in the village of Doddinghurst in the county of Essex, 4.2 miles (6.7 kilometres) north of Brentwood and 12.7 miles (20.3 kilometres) west of Chelmsford and 14.0 miles (22.4 kilometres) north of Basildon.The Kervan Kitchen is situated fronting Church Lane in a residential area and adjacent to a retail parade with operators including Tesco Express and a number of independent operators.Virtual TourPlease see the link below to access the Virtual Tour: TenureThe property is held freehold (Title Numbers EX27221 and EX73147).TenancyThe restaurant is let to Willow Essex Limited on a 20 year lease from 23 April 2019 at a current rent of £58,456 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £26,610 is held by the landlord. The single storey retail unit is let on a Tenancy at Will to Keith Ashton Limited at a current rent of £15,006 per annum.PlanningThe property is not listed or situated within a conservation area.EPCB - 50VATIt 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.TermsWe are instructed to invite offers in excess of £1,025,000 (6.75% NIY) assuming the usual purchasers costs.Fixtures and FittingsThe fixtures and fittings are currently owned by the occupational tenant.Money LaunderingMoney Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.ViewingsAll 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.