Frankland Arms, 3 Settatrees, London Road, Pulborough, RH20 4AL

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

Location
Located in Pulborough in the county of West Sussex, 9.8 miles (15.8 kilometres) north of Chichester and 12.8 miles (20.5 kilometres) south of Horsham.

The Frankland Arms is situated fronting London Road in the centre of the village and a short drive from Pulborough town centre where operates such as The Stork Inn, The Three Horseshoes, and The Sussex Ox are located, alongside local attractions including the South Downs National Park and Pulborough Brooks Nature Reserve.

Accommodation
Basement: The basement provides cellar and stores.

Ground Floor: The ground floor provides two trading areas around a central bar servery with seating on loose tables and chairs for 60 customers. Ancillary areas include a central bar servery, trade kitchen and customer WCs.

First Floor: The first floor comprises a private trade area, office/store, staff shower room/storage and a separate bathroom.

Second Floor: The second floor provides two rooms.

External: There is an attractive raised and lawned trade garden to the right of the pub with seating on loose tables and chairs for 110 customers. There is parking to the side for 15 vehicles and an area of cleared land to the rear of the site.

Tenure
The property is held freehold (Title Number WSX254927).

Tenancy
The entire property is let to two private individuals on a 20 year lease from 11 February 2019 at a current rent of £78,539 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £17,925 is held by the landlord.

Planning
The property is Grade II Listed and is situated within the Washington Conversation 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-76

Terms
We are instructed to invite offers in excess of £825,000 (9.02% 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 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.