Bridge Arms, 53 High Street, Bridge, Canterbury, CT4 5LA | Property for sale | Savills
4,972 sq ft
Excess of £900,000

Bridge Arms53 High Street, Bridge, Canterbury, CT4 5LA

  • Freehold

Key features

  • Entire property let to Hewitt Smith Limited
  • Property arranged over two levels extending to 4,972 Sq Ft (461 Sq M)
  • Site extending to 0.51 acres
  • Current rent of £82,740 per annum
  • Lease expires March 2041
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year)
  • We are instructed to invite offers in excess of £900,000 (8.7% NIY)
  • Business unaffected by sale

Freehold Public House Investment

About this property

  • Description
    The property comprises the ground, first and second floors of a two storey detached building with painted rendered elevations beneath a pitched and hipped roof.

    Specifications
    Ground Floor: The ground floor provides two trading areas with a central bar servery and seating on loose tables, chairs and bench seating for 68 customers. Ancillary areas include a trade kitchen, customer WC's, cellar and stores.

    First Floor: The first floor provides the office/store room and part of the managers accommodation which comprises two bedrooms, living room, two bathrooms and kitchen.

    Second Floor: The second floor provides additional managers accommodation comprising two bedrooms.

    Externally: There is a beer garden to the rear with seating on loose tables and chairs for 110 customers, as well as a children’s climbing frame and an outdoor bar. There is parking to the rear for 19 vehicles.

    Tenure
    The property is held freehold (Title Number K829171).

    Tenancy
    Entire property let to Hewitt Smith Limited on a 20 year lease from 19 March 2021 at a current rent of £82,740 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £39,856 is held by the landlord.

    Planning
    The property is Grade II Listed and situated within the Bridge Conservation Area.

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

    EPC
    C-65

    Terms
    We are instructed to invite offers in excess of £900,000 (8.7% 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.

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

Local information

  • Located in the village of Bridge within the Nailbourne Valley in the county of Kent, 4.8 miles (7.7 km) south east of the city of Canterbury and 16.5 miles (26.4 kilometres) east of Ashford.
  • The Bridge Arms is situated fronting High Street in a residential area with nearby occupiers including the Plough and Harrow and the Red Lion.

Available space

Namesq ftsq mAvailability
Ground2,738254.37Available
1st1,694157.38Available
2nd38735.95Available
Ancillary15314.21Available