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Agent's details

King & Queen, 81 High Street

For sale: £350,000.00|0.07 Acre|Pubs/Bars/Clubs, Licensed & Leisure

Property details

FOR SALE£350,000.00
SIZE0.07 Acre
ADDRESSKing & Queen, 81 High Street, Edenbridge, TN8 5AU
TYPEPubs/Bars/Clubs, Licensed & Leisure
TENUREInvestment Opportunity, Under Offer, For Sale Freehold
POSTED ON4th May 2022

Description

Key Points

  • Freehold ‘Free of Tie’ Pub Investment
  • Part of a portfolio of 4 pubs located throughout Kent
  • Fixed increases or RPI Linked reviews
  • Let to good individual operators
  • Strong underlying property values
  • Businesses unaffected by sale
  • To be sold as a portfolio or individually
  • Guide price for the portfolio of £1,630,000, reflecting a 6.94% NIY
  • Summary

    Freehold ‘Free of Tie’ Pub Investment

    Description

    The property comprises a semi-detached building arranged over two levels. The building is of brick construction, with clay tiled pitched roof and single glazed fenestration. Externally to the rear there is a paved courtyard. Internally the pub is contemporary in style, with the bar positioned to the rear of the building and seating surrounding the servery.

    Location

    The King & Queen is located in the centre of Edenbridge, a town approximately 12 miles (19 kilometres) north west of Royal Tunbridge Wells. The King & Queen occupies a prominent roadside position fronting the High Street. Nearby occupiers include predominantly food and beverage outlets, with some retail.

    Planning

    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 Sevenoaks District.

    Tenure

    Freehold

    Tenancy

    The property is currently tenanted but will be sold with full vacant possession on completion.

    Covenant

    N/A

    Rateable Value

    £14,900

    EPC

    E-120

    Price

    £350,000, representing a Net Initial Yield of 7.16%

    Viewing

    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.

    Location

    marker
    Location: King & Queen, 81 High Street, Edenbridge, TN8 5AU

    Edenbridge Town (0.3 miles)

    Edenbridge (0.9 miles)

    Hever (1.6 miles)

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