Kings Arms, High Street, Mickleton, Chipping Campden, GL55 6RT | Property for sale | Savills
4,878 sq ft(453.18 sq m)
Excess of £1,000,000(€1,203,241)

Kings ArmsHigh Street, Mickleton, Chipping Campden, GL55 6RT

  • Freehold

Key features

  • Freehold public house investment
  • Entire property let to a private individual
  • Property arranged over two levels extending to 4,878 Sq Ft (453 Sq M)
  • Current restaurant rent of £79,267 per annum
  • We are instructed to invite offers in excess of £1,000,000 (7.50% NIY)
  • Lease expires June 2041
  • The rent is subject to five yearly open market reviews and annual uncapped RPI increases (except in the open market review year)
  • Business unaffected by sale

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

About this property

  • 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.

    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.

Local information

  • 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.

Available space

Namesq ftsq mAvailability
Ground - Ground2,271210.98Available
1st - First61657.23Available
2nd - Second90884.36Available
Building - Outbuilding84378.32Available
Building - Garage24022.30Available