Old Mill, 1 Old Mill Road, London, SE18 1QG

Description
The property comprises the ground, and first floor of a two storey detached corner building with rendered and painted elevations beneath a multi pitched roof.

Location
Located in Plumstead, south east London, 3.3 miles (5.3 kilometres) east of Greenwich and 9.3 miles (14.9 kilometres) east of central London.

The Old Mill is situated fronting Plumstead Common within a predominantly residential area. Other notable local occupiers include The Star (Stonegate) and the Rose Inn (Heineken).

Terms
We are instructed to invite offers in excess of £770,000 (5.2% NIY) assuming the usual purchasers costs.

Accommodation
Ground Floor: The ground floor provides the customer trading area with a central bar servery and seating for approximately 42 customers. Ancillary areas comprise customer WC's, trade kitchen and stores.

First Floor: The first floor comprises staff accommodation with lounge, kitchen, office, three bedrooms, bathroom and stores.

Externally: There is a trade terrace to the rear which is part covered with seating for approximately 66 customers. There is an additional function room accessed via the rear trade terrace that can accommodate approximately 48 customers.

Tenancy
The entire property is let to a private individual on a 20 year lease from 2 July 2014 at a current rent of £42,500 per annum which is subject to five yearly open market rent reviews.

Planning
The property is Grade II Listed and is located within Plumstead Common 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 - 42

Tenure
The property is held freehold (Title Number LN13214).

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 prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Similar Investment Opportunities
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:

Viewings
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.