TN25 The Stag, Canterbury Road, Challock, Ashford

Freehold public house investment for sale let until January 2043 at a current rent of £87,024 per annum

The property comprises the ground, basement and first floor of a two storey detached building with painted brick and hung tiled elevations beneath a pitched and hipped roof.

Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 48 customers. There is a separate restaurant area with further seating for 44 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.

First Floor: The first floor comprises the managers accommodation comprising office, dry store, two bedrooms, bathroom and kitchen.

Basement: The basement provides a cellar and stores.

Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 144 customers. There is parking to the rear for 50 vehicles.

The property is held freehold (Title Number K825975).

The entire property is let to B Road Hunting Club Limited on a 20 year lease from 16 January 2023 at a current rent of £87,024 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £20,851 is held by the landlord.

The property is not listed or situated within a conservation area.

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.

D-86

Located in the village of Challock in the county of Kent, 6.7 miles (10.7 kilometres) north of Ashford and 11.1 miles (17.8 kilometres) south west of Canterbury.

The Stag is situated fronting the roundabout at the intersection between Canterbury Road (A252) and Buck Street (A251) in a mixed residential, commercial and rural area. Directly opposite the Stag is the Crossroads Motor car dealership.