Angerstein Hotel, 108 Woolwich Road, London, SE10 0LE

Description
The property comprises the ground, basement, first, second and third floors of a four storey end of terrace building with brick elevations beneath a mansard roof.

Location
Located in south east London in the Royal Borough of Greenwich, 2.7 miles (4.3 kilometres) west of Woolwich and 6.4 miles (10.3 kilometres) south east of Central London.

The Angerstein is situated fronting Woolwich Road (A206) within a largely residential area, a short distance from the O2 arena and Greenwich Park.

Virtual Tour
Please see the link below to access the Virtual Tour:


Tenure
The property is held freehold (Title Number LN195426).

Tenancy
The entire property is let to SMS Taverns Limited on a 20 year lease from 12th October 2022 at a current rent of £96,008 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £21,108 is held by the landlord.

There is a separate telecom lease to EE Limited and Hutchinson 3G Limited on a 10 year lease from 10 August 2021 at a current rent of £2,993 per annum which is subject to three yearly reviews in line with CPI. The lease is subject to rolling tenant break options upon 6 months written notice.

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
C - 72

Terms
We are instructed to invite offers in excess of £1,330,000 (7.0% NIY) assuming the usual purchasers costs.

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.