Vine Inn, 13 Churchgate, Retford, DN22 6PA

Description
The property comprises a three storey mid terraced building of brick elevations set beneath a pitched tile covered roof. To the rear is a substantial single storey flat roof extension.

Ground Floor:
The ground floor is accessed via an archway leading into a public bar and lounge. Bar servery to the side. To the rear is a games room/sports lounge. Ancillary areas include beer cellar and customer WC's.

First Floor:
Living accommodation consisting of kitchen with dining area, lounge and bathroom. Staff WC.

Second Floor:
Three bedrooms.

Externally:
Beer patio to the rear with bottle bar.

Location
Retford is a market town located in the Bassetlaw District of Nottinghamshire, 26miles (42 kilometres) east of Sheffield and 30 miles (48 kilometres) north east of Nottingham.

The Vine Inn is located fronting Churchgate, opposite St Swithun's Church, in Retford town centre. Surrounding occupiers are a mixture of national and independent retailers upon the nearby pedestrianised Market Place.

Tenure
The property is held freehold (Title Number NT357940).

Tenancy
The entire property is let to a private individual on a 13.75 year lease from 22 May 2018 at a current rent of £63,698 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 £15,676 is held by the landlord

Planning
The property is Grade II Listed and is situated within the Retford 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 that the purchasing entity is VAT registered.

EPC
D-76.

Terms
We are instructed to invite offers in excess of £540,000 (11.25% 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.

Viewing and Contacts
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