53 High St 4,972 SF Retail Building Canterbury CT4 5LA $1,230,769 ($247.54/SF)

Freehold Public House Investment. We are instructed to invite offers in excess of £900,000 (8.38% NIY) assuming the usual purchasers costs. 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 £79,711 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.
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.