Moorings, 14 Bridge Street, Barrow upon Soar, Loughborough, LE12 8PN

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

Location
Located in Barrow upon Soar in the county of Leicestershire, 3.3 miles (5.3 kilometres) south of Loughborough and 7.8 miles (12.6 kilometres) north of Leicester.

The Moorings is situated fronting Bridge Street and the River Soar in a mixed residential and commercial area, a short distance from Barrow-Upon-Soar High Street which includes a number of local retail and leisure operators.

Accommodation
Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables, chairs, sofas and benches for 124 customers. Ancillary areas include a trade kitchen, customer WC's, managers office and stores to the rear.

First Floor: The first floor provides managers accommodation with a kitchen, double bedroom, living room, bathroom and WC.

External: There is a large canalside customer area to the front with seating on loose tables, chairs and benches for 270 customers. Additional seating is provided to the front elevation for a further 24 customers. There is parking to the front for 40 vehicles.

Tenure
The property is held freehold (Title Number LT121448).

Tenancy
The entire property is let to Barrow Upon Soar Pubs Limited on a 20 year lease from 22 March 2019 at a current rent of £101,843 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 £22,051 is held by the landlord.

Planning
The property is not listed but it is located within the Barrow upon Soar 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-77

Terms
We are instructed to invite offers in excess of £1,285,000 (7.48% 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.

Similar Investment Opportunities
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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.