Rose Crown, Fletching Street, Mayfield, TN20 6TE

Description
The property comprises the basement, ground, first and second floor floor of a three storey detached building with painted brick and weatherboarded construction beneath a clay tile hipped roof.

Location
Located in the village of Mayfield within the district of Wealden in East Sussex, approximately 9 miles (14 km) south of Royal Tunbridge Wells and 15 miles (24 km) north east of Brighton. Mayfield is an attractive and historic village within the High Weald Area of Outstanding Natural Beauty, benefiting from a mix of residential housing, local amenities and a steady level of visitor trade due to its rural setting and proximity to surrounding towns.

The Rose and Crown is situated fronting Fletching Street in the centre of the village within a predominantly residential and rural area. The property is positioned a short distance from the village High Street where a range of independent retailers, cafés and hospitality venues are located, together with other local amenities including a primary school, church and village services which help support regular local trade.

Tenancy
Entire property let to Rose And Crown Inns Limited on a 35 year lease from 8 June 2006 at a current stepped rent of £42,500 per annum which is subject to five yearly open market rent reviews. The lease benefits from stepped rental uplifts which will then revert to open market reviews thereafter, as follows:-
2026: £42,500 pa
2027: £43,000 pa
2028: £43,500 pa
2029: £44,000 pa
2030: £45,000 pa

Tenure
The property is held freehold (Title Number ESX290454).

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

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

EPC
The EPC has been commissioned and will be provided in due course upon request.

Terms
We are instructed to invite offers in excess of £500,000 (8.12% 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.

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

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