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Kings Arms 13 Top St 8 Room Hotel Oakham LE15 8SE £975,000 (£121,875/Room)
INVESTMENT HIGHLIGHTS
- FOR SALE OR TO LET - Highly sought after Rutland Village public House with letting rooms
- Lease - £60,000 per annum No Vat
- Rutland Village location
- 2 bedroomed Owners Accommodation
- FREEHOLD GUIDE PRICE £975,000
- 8 en suite Letting rooms
- Grade II listed building - EPC exempt
EXECUTIVE SUMMARY
Freehold Village public House for sale in Rutland Village location
Freehold Price £975,000
Leasehold option available
Available size - 3000 sq ft
Tenure - Freehold
Rateable Value - £16,000
VAT - Not applicable
Legal fees - Each party to bear their own costs
EPC Rating - Exempt - listed building
The trading facilities provide a welcoming lounge bar with dining, with feature double aspect open hearth fireplace, exposed slate walling and beamed ceilings, access through to a restaurant barn, providing 80 plus covers in total.
8 excellent double/twin letting bedrooms with en-suite facilities. Functions/conference suite, not currently used by the current tenants. Large Car park and beer patio to the side.
With 2 bedroom owners accommodation. Grade II listed building.
Location - The property is located in the picturesque Rutland Village of Wing, on the Uppingham side of the County and located just off the main A6003 (main road from Oakham to Uppingham). The A6003 meets with the A47 at Uppingham, which provides good access to Peterborough and Leicester, with M1 access via the A14 Kettering.
Terms - Freehold guide price - £975,000
Alternative - to let on a new fully repairing and insuring lease, based on a 15-year lease, with an initial passing rent of £60,000 per annum - plus buildings insurance.
The tenant will be responsible for all utility bills on site as well as the rates liability.
A deposit equal to 3 months rent will be required. Depending on circumstances a guarantor may be required.
Freehold Price £975,000
Leasehold option available
Available size - 3000 sq ft
Tenure - Freehold
Rateable Value - £16,000
VAT - Not applicable
Legal fees - Each party to bear their own costs
EPC Rating - Exempt - listed building
The trading facilities provide a welcoming lounge bar with dining, with feature double aspect open hearth fireplace, exposed slate walling and beamed ceilings, access through to a restaurant barn, providing 80 plus covers in total.
8 excellent double/twin letting bedrooms with en-suite facilities. Functions/conference suite, not currently used by the current tenants. Large Car park and beer patio to the side.
With 2 bedroom owners accommodation. Grade II listed building.
Location - The property is located in the picturesque Rutland Village of Wing, on the Uppingham side of the County and located just off the main A6003 (main road from Oakham to Uppingham). The A6003 meets with the A47 at Uppingham, which provides good access to Peterborough and Leicester, with M1 access via the A14 Kettering.
Terms - Freehold guide price - £975,000
Alternative - to let on a new fully repairing and insuring lease, based on a 15-year lease, with an initial passing rent of £60,000 per annum - plus buildings insurance.
The tenant will be responsible for all utility bills on site as well as the rates liability.
A deposit equal to 3 months rent will be required. Depending on circumstances a guarantor may be required.
PROPERTY FACTS
| Price | £975,000 | Total Plot Size | 0.42 ac |
| Price Per Room | £121,875 | Property Size | 3,250 sq ft |
| Sale Type | Investment | No. Rooms | 8 |
| Tenure | Freehold | No. Floors | 1 |
| Property Type | Hospitality | Year Built | 1649 |
| Property Subtype | Hotel | Parking Allocation | 1.33/1,000 sq ft |
| Costar Property Class | B |
| Price | £975,000 |
| Price Per Room | £121,875 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 0.42 ac |
| Property Size | 3,250 sq ft |
| No. Rooms | 8 |
| No. Floors | 1 |
| Year Built | 1649 |
| Parking Allocation | 1.33/1,000 sq ft |
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | sq ft |
|---|---|---|---|
| Guest Room | 8 | £111.00 | - |
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Kings Arms | 13 Top St
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