Why Not Inn, 55 The Ridgeway, Astwood Bank, Redditch, B96 6LU

Description
The Property comprises the ground and first floor of a two storey detached building with painted brick elevations set beneath a pitched roof.

Location
Located in the village of Astwood Bank in the district of Redditch in Worcestershire county, 4.7 miles (7.5 kilometres) south of Redditch and 16.0 miles (25.7 kilometres) east of Worcester.

The Why Not Inn is situated fronting the Ridgeway (A441) in a rural and predominantly residential area with independent retailers from Evesham Road further into Astwood Bank village centre.

Accommodation
Ground Floor: The ground floor provides the customer trading area with a central bar servery and seating for 20 customers in the bar area to the front and for 40 customers in the dining area to the rear. Ancillary areas comprise customer WC's, trade kitchen and beer cellar.

First Floor: The first floor comprises a one bedroom flat with a kitchen and bathroom.

Externally: There is an extensive beer garden to the front, side and rear along with a marquee with seating for 200 customers. To the side and rear is a car park for 40 vehicles.

Tenure
The Property is held freehold (Title Number WR56341).

Tenancy
The entire Property is let to Why Not Management Limited on a 10 year lease from 20 September 2018 at a current rent of £56,000 per annum which is subject to a five yearly open market rent review and annual uncapped RPI increases (except in the open market review year). A rent deposit of £12,326 is held by the landlord.

Planning
The Property is not listed or situated within a 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
B-50

Terms
We are instructed to invite offers in excess of £590,000 (9.0% NIY) assuming the usual purchasers costs.

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

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