Investment for sale - Worlds End, Ecton, Northampton, NN6 0QN

<strong>Description</strong><br>The property comprises the basement, ground, first and second floors of a two storey detached building with stone elevations beneath a pitched roof. There is a separate two storey detached building with stone elevations beneath a pitched roof which provides the hotel accommodation.<br><br><strong>Accommodation</strong><br>Basement: The basement provides cellar and stores.<br /> <br /> Ground Floor: The ground floor provides two trading areas with a central bar servery and seating on loose tables and chairs for 90 customers. Ancillary areas include a trade kitchen, customer WC's, cellar and stores.<br /> <br /> First Floor: The first floor provides a restaurant and kitchen.<br /> <br /> Second Floor: The second floor provides the managers accommodation which comprises two double bedrooms, kitchenette and bathroom.<br /> <br /> Outbuilding: The outbuilding provides twenty two en-suite lettings rooms over ground and first floor.<br /> <br /> Externally: There is an enclosed customer area to the rear with seating on wooden benches for 50 customers. There is parking to the rear for 35 vehicles.<br><br><strong>Tenure</strong><br>The property is held freehold (Title Number NN151359).<br><br><strong>Tenancy</strong><br>Entire property let to A C Hospitality Limited on a 20 year lease from 13 December 2023 at a current rent of £128,545 per annum which is subject to five yearly open market rent reviews and annual RPI increases with a collar of 2% and a cap of 4% (except in the open market review year). A rent deposit of £31,492 is held by the landlord.<br><br><strong>Planning</strong><br>The property is Grade II Listed and situated within the Ecton Conservation Area.<br><br><strong>Fixtures and Fittings</strong><br>The fixtures and fittings are currently owned by the occupational tenant.<br><br><strong>EPC</strong><br>C - 53.<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £1,500,000 (8.08% NIY) assuming the usual purchasers costs.<br><br><strong>VAT</strong><br>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.<br><br><strong>Money Laundering</strong><br>Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.<br><br><strong>Similar Investment Opportunities</strong><br>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: https://sites.savills.com/stonegateportfolio<br><br><strong>Viewings</strong><br>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.<br><br>