Chequers, 10 Stratton Road, Hainford, Norwich, NR10 3AY

Description
The property comprises the ground and first floor of a two storey detached building with painted brick elevations beneath a pitched and hipped roof. There is a single storey detached outbuilding to the rear with brick elevations beneath a pitched and hipped roof.

Location
Located in the village of Hainford within the district of Broadland in the county of Norfolk, 8.7 miles (14.0 kilometres) north of Norwich and 16.2 miles (26.0 kilometres) south of Cromer.

The Chequers is situated fronting Stratton Road in a rural residential area and in close proximity to the surrounding villages where operators such as Rose and Crown, Fox and Black Swan Inn are located.

Accommodation
Ground Floor: The ground floor provides an open plan trading area with seating on loose tables, chairs and bench seating for 90 customers. Ancillary areas comprises customer WC's, cellar and trade kitchen.

First Floor: The first floor provides the managers accommodation which comprises two bedrooms, kitchen, bathroom and living room.

Outbuilding: There is a separate single storey outbuilding to the rear used for storage.

Externally: There is a beer garden to the front, side and rear with seating on wooden benches and tables and chairs for 240 customers. There is parking to the front for 25 vehicles.

Tenure
The property is held freehold (Title Numbers NK120841 & NK481020).

Tenancy
Entire property let to The Chequers Hainford Limited on a 15 year lease from 28 February 2022 at a current rent of £61,736 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £14,746 is held by the landlord.

Planning
The property is Grade II Listed but not situated within a conservation area.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

EPC
D-87.

Terms
We are instructed to invite offers in excess of £690,000 (8.86% NIY) assuming the usual purchasers costs.

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.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewing
All viewings must be made by prior appointment. For further information and all viewing requests please contact the sole selling agents Savills.