Old Kings Head, Stock Road, Stock, Ingatestone, CM4 9PQ

Property Details: • Type: 19,166 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold public house investment • Entire property let to Classic Pub Dining (OKH) Limited • Property arranged over ground and first floor • We are instructed to invite offers in excess of £915,000 (6.3% NIY) • Current rent of £61,000 per annum • Lease expires January 2045 • The rent is subject to five yearly open market rent reviews and annual RPI increases subject to a collar of 2% and cap of 4% • Business unaffected by sale

Location: • Nearest Station: Billericay Station • Distance to Station: 1.7 miles

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

Full Description: DescriptionThe property comprises the ground and first floor of a two storey detached building with rendered and painted brick elevations beneath a multi pitched roof.LocationThe Old Kings Head is located 1.8 miles (2.9 kilometres) to the north of Billericay, 5.6 miles (9.6 kilometres) to the south of Chelmsford and 8.3 miles (13.3 kilometres) east of Brentwood. The Old Kings Head is situated fronting the B1007, which provides access to Stock to the north and Billericay to the south. The surrounding properties are predominantly residential.AccommodationGround Floor: The ground floor provides four main trading areas with a central bar servery to the front and private dining room and mezzanine trading area to the rear with seating on loose tables, chairs and bench seating for 98 customers. Ancillary areas include a trade kitchen, stores, customer WCs and cellar to the rear.First Floor: The first floor provides managers accommodation comprising three bedrooms, kitchen/living room, bathroom and office.Externally: There is a customer patio and shipping container bar and elevated seating to the rear with seating on loose tables and chairs for 50 customers. Parking to the side and rear for 39 vehicles.TenureThe property is held freehold (Title Number EX525720).TenancyThe entire property is let to Classic Pub Dining (OKH) Limited on a 25 year lease from 27 January 2020 at a current rent of £61,000 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 4%. A rent deposit of £18,776 is held by the landlord.PlanningThe property is not listed or situated within a conservation area.VATIt 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.EPCE-108TermsWe are instructed to invite offers in excess of £915,000 (6.3% 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 purchasers. Prospective purchasers will need to provide proof of identity and residence.Similar Investment OpportunitiesIf you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing: