Barrels, 69 St. Owen Street, Hereford, HR1 2JQ

Description
The property comprises the ground, basement and two upper floors of a two storey detached building with painted rendered and brick elevations beneath a pitched and hipped roof.

Location
Located in the city of Hereford within the county of Herefordshire, 37.3 miles (59.7 kilometres) north west of Cheltenham and 58.2 miles (93.1 kilometres) south west of Birmingham.

The Barrels is situated fronting St Owen Street within a mixed residential and commercial area. The premises is a close walk to the city centre which includes a variety of retail and leisure operators.

Accommodation
Ground Floor: The ground floor provides two interconnecting trading areas with a bar servery and seating for 58 customers. To the rear of the property there is a function room with seating for 44 customers. Ancillary areas include a trade kitchen and customer WC's.

First Floor: The first floor comprises three double bedrooms, kitchen, bathroom, office, WC and storage. To the rear is a skittle alley with seating for 16 customers.

Second Floor: The second floor comprises two bedrooms.

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 118 customers. No additional seating is provided to the front elevation. There is no car parking.

Tenure
The property is held freehold (Title Number HE13265).

Tenancy
The entire property is let to Erasmus Inns Limited on a lease expiring 27 February 2033 at a current rent of £71,321 per annum which is subject to annual RPI increases with a collar of 2% and cap of 5%. A rent deposit of £10,363 is held by the landlord.

Planning
The property is Grade II Listed and is situated within the Hereford Central 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.

Terms
We are instructed to invite offers in excess of £895,000 (7.54% NIY) assuming the usual purchasers costs.

EPC
D-90

Fixtures & 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.

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.

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