Guide price
£125,000
(£125,000.00/sq. ft)
Hotel for saleBanbury Street, Kineton CV35
1 sq. ft
Just added
Business
About this property
The village of Kineton lies on the River Dene in southeastern Warwickshire. It is part of the Stratford-upon-Avon district and it is estimated to have approximately 3,500 residents. Warwick is 9 miles northwest, Banbury 9 miles southeast and Stratford-upon-Avon 8 miles west.
Kineton is located in the idyllic countryside of Warwickshire. The village retains a great deal of rural charm yet is home to a thriving community and numerous amenities. The village is close to the Fosse Way and the M40 motorway, and there are regular bus services to Stratford-upon-Avon, Banbury and Royal Leamington Spa.
The White Swan is situated in the heart of the village. It holds a prominent corner position on Banbury Street and Southern Road.
The White Swan appears to be constructed mainly of stone and brick with colourwashed elevations under a pitched tile roof. To the rear of the property and accessed through a coaching arch are seven well appointed, chalet style, en suite letting rooms with beamed and vaulted ceilings. Historically, these would have been the old stables.
The White Swan is a substantial property offering a large main bar, a restaurant and a first floor function room. It also has spacious owners’ accommodation.
Leasehold £125,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The White Swan is held on a full repairing and insuring lease from a private individual for a term of 15 years, commencing in 2019. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable.
Rent is £52,000 per annum paid weekly in advance, subject to five yearly rent reviews. VAT is chargeable on the rental payments.
The tenant has an option every third year for a break clause. The lease is free of all trade ties.
The property is elected for VAT. However, the sale is to be treated as a Transfer of Going Concern (togc) and VAT will not be chargeable on the sale price.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Kineton is located in the idyllic countryside of Warwickshire. The village retains a great deal of rural charm yet is home to a thriving community and numerous amenities. The village is close to the Fosse Way and the M40 motorway, and there are regular bus services to Stratford-upon-Avon, Banbury and Royal Leamington Spa.
The White Swan is situated in the heart of the village. It holds a prominent corner position on Banbury Street and Southern Road.
The White Swan appears to be constructed mainly of stone and brick with colourwashed elevations under a pitched tile roof. To the rear of the property and accessed through a coaching arch are seven well appointed, chalet style, en suite letting rooms with beamed and vaulted ceilings. Historically, these would have been the old stables.
The White Swan is a substantial property offering a large main bar, a restaurant and a first floor function room. It also has spacious owners’ accommodation.
Leasehold £125,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The White Swan is held on a full repairing and insuring lease from a private individual for a term of 15 years, commencing in 2019. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable.
Rent is £52,000 per annum paid weekly in advance, subject to five yearly rent reviews. VAT is chargeable on the rental payments.
The tenant has an option every third year for a break clause. The lease is free of all trade ties.
The property is elected for VAT. However, the sale is to be treated as a Transfer of Going Concern (togc) and VAT will not be chargeable on the sale price.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
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