Pheasant, 355 Reading Road, Winnersh, Wokingham, RG41 5LR

Description
The property comprises the ground and first floor of a two storey detached building with brick and painted rendered elevations beneath a pitched and hipped roof. There is a separate two storey hotel building with brick and rendered elevations beneath a pitched and hipped roof.

Location
Located in Winnersh near Wokingham in the county of Berkshire, 6.0 miles (9.7 kilometres) west of Reading and 39.5 miles (63.6 kilometres) west of London.

The Pheasant is situated fronting Reading Road (A329) in a mixed residential and commercial areas with nearby operators including Sainsbury's and Subway alongside local retailers.

Accommodation
Ground Floor Pub: The ground floor comprises an open plan trading area with a central bar servery and seating for approximately 50 customers on loose tables and chairs. To the right, there is a smaller dining room providing seating for a further 22 customers.

Ground Floor Hotel: Six en-suite letting rooms (five doubles and one twin), with one room benefitting from a bathroom and disabled access.

First Floor Pub: The first floor comprises three double bedrooms, one of which is en-suite, together with a bathroom with separate shower, WC, living room, and kitchenette. The cellar and stores are located at this level.

First Floor Hotel: Six en-suite letting rooms (three doubles, two twins and one triple room).

Externally: There is an enclosed customer area to the side and rear with seating on loose tables, chairs and wooden benches for 84 customers. There is parking to the rear for 22 vehicles and to the front for a further 4 vehicles.

Tenure
The property is held freehold (Title Number BK323359).

Tenancy
The entire property is let to Shiv Ram Restaurants Limited on a 20 year lease from 18 March 2025 at a current rent of £75,000 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 £18,781 is held by the landlord.

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.

Planning
The property is not listed or situated within a conservation area.

EPC
D-77

Terms
We are instructed to invite offers in excess of £950,000 (7.47% 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
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.