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The Black Swan Guest House Hotel 59 High St 9 Room Hotel Hythe CT21 5AD £710,000 (£78,889/Room) 9.44% Net Initial Yield
Investment Highlights
- Freehold public house and hotel investment.
- Property arranged over three levels extending to 7,304 Sq Ft (679 Sq M).
- Nine en-suite letting rooms.
- Lease expires October 2040.
- We are instructed to invite offers in excess of £710,000 (9.44% NIY).
- Entire property let to Patels Group Ltd.
- Site extending to 0.15 acres.
- Current rent of £70,620 per annum.
- The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year).
- Business unaffected by sale.
Executive Summary
The property comprises a freehold public house and hotel arranged over ground, first and second floors, including nine en-suite letting rooms and rear parking, let to Patels Group Ltd on a lease expiring October 2040 at a current rent of £70,620 per annum, subject to five-yearly open-market reviews and annual uncapped RPI increases (excluding review years). Offers invited in excess of £710,000 (9.44% NIY).
Property Facts
| Price | £710,000 | Costar Property Class | C |
| Price Per Room | £78,889 | Total Plot Size | 0.15 ac |
| Sale Type | Investment | Property Size | 7,698 sq ft |
| Yield | 9.44% | No. Rooms | 9 |
| Tenure | Freehold/Long Leasehold | No. Floors | 3 |
| Property Type | Hospitality | Year Built | 1921 |
| Property Subtype | Hotel | Parking Allocation | 1.17/1,000 sq ft |
| Price | £710,000 |
| Price Per Room | £78,889 |
| Sale Type | Investment |
| Yield | 9.44% |
| Tenure | Freehold/Long Leasehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Total Plot Size | 0.15 ac |
| Property Size | 7,698 sq ft |
| No. Rooms | 9 |
| No. Floors | 3 |
| Year Built | 1921 |
| Parking Allocation | 1.17/1,000 sq ft |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 9 | £65.00 | - |
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The Black Swan Guest House Hotel | 59 High St
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