Stags Head, 55 Orsman Road, London, N1 5RA

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

Location
Located in north London within the London Borough of Hackney 2.8 miles (4.6 kilometres) north east of central London and 4.8 miles (7.7 kilometres) west of Stratford.

The Stags Head is situated at the intersection between Orsman Road and Halcomb Street in a predominately residential area with Commet Nursery School adjacent. Haggerston overground station is located 600m to the north east.

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 49 customers. There is an additional trading area to the left with a stage, DJ booth and additional seating on chairs and sofas for 18 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.

First Floor: The first floor comprises three double rooms, one single room, bathroom and separate WC.

Second Floor: The second floor comprises three single bedrooms.

Basement: The basement provides a cellar, office and stores.

Externally: There is an enclosed customer area to the rear with seating on loose tables, chairs, sofas and benches for 84 customers.

Tenure
The property is held freehold (Title Number 221396).

Tenancy
The entire property is let to The Artist Bar & Kitchen Ltd on a 20 year lease from 15 December 2021 at a current rent of £87,700 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 £18,482 is held by the landlord.

Planning
The property is Grade II Listed but is not 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
D - 86

Terms
We are instructed to invite offers in excess of £1,200,000 (6.90% NIY) assuming the usual purchasers costs.

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.

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.