Theobald Arms, Kings Walk, Grays, RM17 6HR

Description
The property comprises the ground and first floor of a two storey detached building with painted wood clad elevations beneath a pitched and hipped roof.

Ground Floor: The ground floor provides a traditional lounge bar and public bar with interconnecting central bar servery and seating on loose tables, chairs and bench seating for 36 customers. Ancillary areas include a domestic kitchen and two sets of customer WC’s.

First Floor: The first floor provides the manager’s accommodation comprising two bedrooms, bathroom, lounge, kitchen and office.

Externally: There is a part enclosed customer area to the rear with seating on loose tables and chairs for 42 customers. There is a detached outbuilding currently used for stroage and car parking to the side elevation for 8 vehicles.

Location
Located in the town of Grays, 13.2 miles (21.2 kilometres) south of Brentwood and 6.1 miles (10 kilometres) west of Stanford-le- Hope. The property is 2.5 miles (4 kilometres) east of Lakeside Shopping Centre which is the 11th largest shopping centre in Britain.

The Theobalds Arms is sitauted in a suburban area on the edge of the town centre surrounded by predominately residential properties with South Essex College to the rear.

Virtual Tour


Tenure
The property is held freehold (Title Number EX233319).

Tenancy
The entire property is let to three private individuals on a 20 year lease from 20 September 2011 at a current rent of £45,000 per annum which is subject to five yearly open market reviews.

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

Data Room


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 that the purchasing entity is VAT registered.

EPC
D-96.

Terms
We are instructed to invite offers in excess of £615,000 (6.96% NIY) assuming the usual purchasers costs.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings & Contacts
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.

For further information and all viewing requests please contact the sole selling agents Savills.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.