Chequers, 50 Rivers Street, Bath, BA1 2QA

Description
The property comprises the ground, basement and two upper floors of a three storey end of terrace building with painted and stone elevations beneath a pitched and hipped roof.

Location
Located in the City of Bath within the county of Somerset, 0.6 miles (1.0 kilometres) from Bath city centre and 12.7 miles (20.3 kilometres) south east of Bristol.

The Chequers is situated at the intersection between River Street and River's Street Mews within a predominantly residential area. Nearby occupiers include Saint James Wine Vaults (Punch) and The Marlborough (Bath Pub Co).

Accommodation
Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 44 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.

First Floor: The first floor comprises an additional restaurant area for 28 customers. Ancillary areas include a commercial kitchen and customer WC.

Second Floor: The second floor comprises of storage, WC, changing room, additional kitchen storage, walk in fridge/freezer and an office.

Basement: The basement provides a cellar, customer WCs and stores.

Externally: There is a customer area to the front with seating on loose tables and chairs for 20 customers. There is no parking.

Tenure
The property is held freehold (Title Number AV228660).

Tenancy
The entire property is let to Posh & Mumbles Limited on a 20 year lease from 5January 2023 at a current rent of £59,829 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £14,398 is held by the landlord.

Planning
The property is Grade II Listed and is situated within the Bath 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
D-84

Terms
We are instructed to invite offers in excess of £895,000 (6.33% 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.

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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