Fordwich Arms, King Street, Fordwich, Canterbury, CT2 0DB
Property details for Fordwich Arms. One of many properties for sale in King Street, Fordwich, Canterbury, CT2 0DB from Savills, world leading estate agents.
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Description

The property comprises the ground and first floor of a two storey detached building with exposed brick elevations beneath and hipped roof.

Accommodation

Ground Floor: The ground floor provides an open plan trading area with a central bar servery in the front room and dining room to the rear with seating for approximately 50 customers. Ancillary areas include a trade kitchen, beer cellar and customer WCs to the rear.

First Floor: The first floor comprises private living accommodation providing lounge, kitchen, three bedrooms, bathroom , WC and office.

Externally: Customer patio and lawn to the rear overlooking the river with seating for 69 customers. Parking to the front for 12 vehicles.

Tenure

The property is held freehold (Title Number K825764).

Tenancy

The entire property is let to a DTSN Limited on a 20 year lease from 28 March 2018 at a current rent of £68,000 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 £15,781 is held by the landlord.

Planning

The property is not listed however, it is situated within Fordwich 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-61

Terms

We are instructed to invite offers in excess of £1,070,000 (6.0% 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 purchasers. Prospective purchasers will need to provide proof of identity and residence.