Kings Arms, High Street, GL55

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Key Points

Summary

Freehold public house investment for sale let until June 2041 at a rent of £79,267 per annum

Description

The property is arranged over ground and first floor of a two storey detached building with stone elevations beneath a pitched and hipped roof.

Location

Located in market town of Chipping Campden in the county of Gloucestershire, 21.9 miles (35.0 kilometres) north of Cheltenham and 37.5 miles (60.0 kilometres) north west of Oxford.

The Kings Arms is situated fronting High Street in a predominantly residential area with Mickleton Primary School and The Butchers Arms a short distance to the north.

Availability_text

The accommodation comprises the following areas:

Virtual Tour

Please see a link below to access the Virtual Tour:

https://vt.ehouse.co.uk/3mwjMAJGCcf

Accommodation

Ground Floor: The ground floor provides a number of trading rooms with a central bar servery and seating on loose tables, chairs and bench seating for 64 customers. Ancillary areas include a trade kitchen, customer WC's and cellar.

First Floor: The first floor comprises an office, bathroom, four double bedrooms, WC and kitchenette.

Second floor: The second floor is currently used for storage.

Externally: There is a large enclosed customer area to side and rear with seating on loose tables and chairs for 188 customers. The property has parking to the side elevation for 32 vehicles and there are two outbuildings used for storage and walk in fridge/freezers to the rear of the property.

Tenure

The property is held freehold (Title Number GR238927).

Tenancy

The entire property is let to private individual on a 20 year lease from 24 June 2021 at a current rent of £79,267 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £15,500 is held by the landlord.

Planning

The property is Grade II Listed and is situated within Mickleton 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 the purchasing entity is VAT registered.

EPC

D-95

Terms

We are instructed to invite offers in excess of £1,000,000 (7.50% NIY) assuming the usual purchasers costs.

Fixtures & 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.

Viewings

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.