Theobald Arms, Kings Walk, Grays, RM17 6HR | Property for sale | Savills
0.18 Ac(0.07 Ha)
Excess of £615,000

Theobald Arms, Kings WalkGrays, RM17 6HR

  • Freehold

Key features

  • Freehold public house investment
  • Entire property let to an individual operator
  • Current rent of £45,000 per annum
  • The rent is subject to five yearly open market rent reviews
  • Lease expires September 2031
  • We are instructed to invite offers in excess of £615,000 (6.96% NIY)
  • Business unaffected by sale

Freehold Public House Investment For Sale

About this property

  • Description
    The property comprises the ground and first floor of a two storey detached building with painted wood clad elevations beneath a pitched and hipped roof.

    Ground Floor: The ground floor provides a traditional lounge bar and public bar with interconnecting central bar servery and seating on loose tables, chairs and bench seating for 36 customers. Ancillary areas include a domestic kitchen and two sets of customer WC’s.

    First Floor: The first floor provides the manager’s accommodation comprising two bedrooms, bathroom, lounge, kitchen and office.

    Externally: There is a part enclosed customer area to the rear with seating on loose tables and chairs for 42 customers. There is a detached outbuilding currently used for stroage and car parking to the side elevation for 8 vehicles.

    Virtual Tour

    The property is held freehold (Title Number EX233319).

    The entire property is let to three private individuals on a 20 year lease from 20 September 2011 at a current rent of £45,000 per annum which is subject to five yearly open market reviews.

    The property is not listed or situated within a conservation area.

    Data Room

    It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered.


    We are instructed to invite offers in excess of £615,000 (6.96% NIY) assuming the usual purchasers costs.

Local information

  • Located in the town of Grays, 13.2 miles (21.2 kilometres) south of Brentwood and 6.1 miles (10 kilometres) west of Stanford-le- Hope. The property is 2.5 miles (4 kilometres) east of Lakeside Shopping Centre which is the 11th largest shopping centre in Britain.
  • The Theobalds Arms is sitauted in a suburban area on the edge of the town centre surrounded by predominately residential properties with South Essex College to the rear.

Energy performance

EPC Rating is D (96)

Available space

Namesq ftsq m
Outdoor - Garage63558.99