Rose & Crown, Fletching Street, Mayfield, TN20 6TE | Property for sale | Savills
2,411 sq ft(223.99 sq m)
Excess of £500,000(€582,762)

Rose & CrownFletching Street, Mayfield, TN20 6TE

  • Under offer
  • Freehold

Key features

  • Freehold public house investment
  • Entire property let to Rose And Crown Inns Limited
  • Property arranged over four levels
  • Site extending to 0.196 acres
  • Current rent of £42,500 per annum
  • Lease expires June 2041
  • The rent is subject to fixed stepped increases and thereafter five yearly reviews.
  • We are instructed to invite offers in excess of £500,000 (8.12% NIY)
  • Business unaffected by sale

Freehold Public House Investment For Sale

About this property

  • Description
    The property comprises the basement, ground, first and second floor floor of a three storey detached building with painted brick and weatherboarded construction beneath a clay tile hipped roof.

    Tenancy
    Entire property let to Rose And Crown Inns Limited on a 35 year lease from 8 June 2006 at a current stepped rent of £42,500 per annum which is subject to five yearly open market rent reviews. The lease benefits from stepped rental uplifts which will then revert to open market reviews thereafter, as follows:-
    2026: £42,500 pa
    2027: £43,000 pa
    2028: £43,500 pa
    2029: £44,000 pa
    2030: £45,000 pa

    Tenure
    The property is held freehold (Title Number ESX290454).

    Planning
    The property is Grade II Listed, but is not situated in a conservation area.

    Fixtures & Fittings
    The fixtures and fittings are currently owned by the occupational tenant.

    EPC
    The EPC has been commissioned and will be provided in due course upon request.

    Terms
    We are instructed to invite offers in excess of £500,000 (8.12% NIY) assuming the usual purchasers costs.

    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.

    AML
    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. For further information and all viewing requests please contact the sole selling agents Savills.

Local information

  • Located in the village of Mayfield within the district of Wealden in East Sussex, approximately 9 miles (14 km) south of Royal Tunbridge Wells and 15 miles (24 km) north east of Brighton. Mayfield is an attractive and historic village within the High Weald Area of Outstanding Natural Beauty, benefiting from a mix of residential housing, local amenities and a steady level of visitor trade due to its rural setting and proximity to surrounding towns.
  • The Rose and Crown is situated fronting Fletching Street in the centre of the village within a predominantly residential and rural area. The property is positioned a short distance from the village High Street where a range of independent retailers, cafés and hospitality venues are located, together with other local amenities including a primary school, church and village services which help support regular local trade.

Available space

Namesq ftsq mAvailability
Building2,411223.99Available