Free of Tie Public House Investment
The property comprises an attractive detached building arranged over two levels. The building is constructed of rendered brick with a pitched clay tiled roof and single glazed fenestration. Externally, there is a car park to the front and a beer garden to the front and side. Internally the pub is traditional and cosy in style with exposed beams and wood panelling. The bar is positioned centrally with seating either side.
The Horse & Groom is located between the villages of Cow Beech and Three Cups Corner, approximately 7 miles (11 kilometres) north of Hailsham. The Horse & Groom is set back on Cow Beech Road, at the point where it meets Rookery Lane. The surrounding area is rural and almost solely residential.
The property is Grade II Listed. The property does not lie within a conservation area. The property currently holds A4 ’Sui Generis’ planning use class consent. The Local Authority for the property is Wealden District Council.
Commencement of Lease: 16th March 2018 Inside the L&T; Act 1954 II: Yes Current rent per annum: £35,000 Annual RPI Increase: No Stepped Increases Yes – £40,000pa (16/03/21) Next Rent Review: 16th March 2023 Rent Review: Market Rent Lease Expires: 15th March 2028 Break Clause: Yes - Tenant break 16th March 2023
The property is let to a private individual
£425,000, representing a Net Initial Yield of 9.02%
Stonegate (5.9 miles)
Robertsbridge (7.3 miles)
Etchingham (7.3 miles)