Kings Arms, 111 High Street Under Offer

Kings Arms, 111 High Street Desborough
Kettering
NN14 2ND
£350,000 - £500,000 / £25,000 pa
3658 sq ft

Summary

Attractive public house with letting rooms above in Desborough for sale or to let. The whole site is also available on a freehold basis.
  • Attractive character building
  • Six letting rooms on the upper floors
  • Restaurant, with space for approx. 60 covers
  • Seven additional self-contained rooms also available
  • Extensive residential and commercial re-development opportunity

Location

Desborough is a small town in Northamptonshire with a population of 10,697 , located in the Ise Valley between Market Harborough and Ketteringt. In the 19th century, the town was an industrial centre for weaving and shoe making, and now the town has a residential core with new homes and industry being developed.

Midland line railway stations are located at both Market Harborough and Kettering, and give access to St Pancras International Station in approximately 55 minutes. Commuting times are set to reduce drastically after 2017 bringing travel times down to be comparable with those of St Albans, Hemel Hempstead and Luton.

Accommodation

The property comprises an attractive Grade II Listed character building, currently utilised as a public house with six letting rooms above.

The ground floor comprises an open plan restaurant, with space for approx. 60 covers, along with a bar area, kitchen facilities and public WCs. The upper floors provide space for six letting bedrooms.

Externally there is adequate parking, for approx. 14 plus vehicles and a pub garden.

In addition, there is an attached rear extension, which currently provides seven self-contained residential rooms. Available on a freehold basis in addition to the main public house.

Floor Areas

Ground Floor 1,403 Sq Ft 130.34 Sq M
Ground Floor Ancillary 602 Sq Ft 55.93 Sq M
Basement 482 Sq Ft 44.78 Sq M
First Floor 1,171 Sq Ft 108.79 Sq M
Total Area 3,658 Sq Ft 339.84 Sq M

Terms

The public house with letting bedrooms on the upper floors is available upon a freehold basis at offers in excess of £250,000, or leasehold basis at an asking rent of £25,000 per annum exclusive. The entire property is also available on a freehold basis, to include the public house with letting bedrooms above, as well as the self-contained residential rooms at the rear, which currently produce an income of £33,000 per annum. This is available at a guide price of £500,000.

Legal Costs

The tenant is to contribute £1,000 towards the Landlord's legal costs, as well as their own legal costs incurred in the transaction.

The property is subject to VAT.

Services

We understand that all mains services including water, gas, drainage and electricity have been connected in the past. The present position is unknown. Prospective occupiers should note that none of the services have been tested and it is up to prospective occupiers to ensure that the facilities are installed and working to their own satisfaction.

Viewing

To view and for further details please contact:

Andrew Boulter
Email: ab@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 783001

Amy Gregory
Email: ag@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 774146

Or our joint agents:

John Barnes
Email: john@gorellbarnes.com
Telephone: 01536 330100