Roundhill, 100 Ditchling Road, Brighton, BN1 4SG

Property Details: • Type: 3,063 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold public house investment • Entire property let to La Planta Limited • Property arranged over three levels extending to 1,910 Sq Ft (177 Sq M) • Current rent of £55,072 per annum • We are instructed to invite offers in excess of £765,000 (6.8% NIY) • Lease expires March 2033 • The rent is subject to five yearly open market rent reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year) • Business unaffected by sale

Location: • Nearest Station: London Road (Brighton) Station • Distance to Station: 0.1 miles

Agent Information: • Address: Savills, Mountbatten House,1 Grosvenor Square Southampton SO15 2BZ

Full Description: DescriptionThe property comprises the ground, basement and first floors of an end of terrace building with painted rendered elevations beneath a pitched and hipped roof.LocationLocated in the seaside city of Brighton in the county of East Sussex, 5.0 miles (40.0 kilometres) west of Eastbourne and 34.1 miles (54.6 kilometres) south of Tunbridge Wells.The Roundhill is situated at the intersection between Ditchling Road and Round Hill Road in a mixed commercial and residential area. The North Laines area of Brighton is short distance to the south and London Road train station a short distance to the west.Virtual TourPlease see a link below to the virtual tour: AccommodationGround Floor: The ground floor provides an open plan trading area with a central bar servery and seating for 52 customers. Ancillary areas include a trade kitchen and female WC's.Basement: Cellar, stores and male WC's. First Floor: The first floor comprises a living room, two bedrooms, kitchen and bathroom.Externally: There is patio to the front and side of the property with seating for 30 customers.TenureThe property is held freehold (Title Number SX133346).TenancyThe entire property is let to La Planta Limited on a 10 year lease from 30 March 2023 at a current rent of £55,072 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £13,927 is held by the landlord.PlanningThe property is not listed but is situated within Roundhill 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.EPCD-97TermsWe are instructed to invite offers in excess of £765,000 (6.8% NIY) assuming the usual purchasers costs.Fixtures & 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.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.