13/06/2024 14:19:00
New to market with leisure property specialist Fleurets is the Spotted Dog.
Located in Smarts Hill, an affluent and desirable area close to Royal Tunbridge Wells, the freehold has been brought to market by Fleurets as an investment opportunity.
The grade II Listed pub with residential accommodation was sold to the current owners by Fleurets in 2000 and has been let since then. The current tenant acquired the leasehold interest 2021 and continues to invest in the property. The property is held on a 20 year lease from the 1st April 2010. There is an open market rent review provision, with the next rent review date on 1st April 2025.
The property comprises 1,031 sq m (0.254 acres) that the car park is located on, along with the 2,348 sq m (0.580 acres) that make up the pub and additional land.
Internally the bar and restaurant offers 75 covers, while externally the garden and split-level patio offer an additional 125 covers.
Nick Earee, Divisional Director of Fleurets said, "The Spotted Dog is on the market at a guide price of £650,000 which represents a NIY of 8.04%. The sales over the last 24 years have of course fluctuated but sales (net of vat) have generally been between £450,000 pa and £500,000 pa."
Click here to view the sales details. To arrange a viewing contact Fleurets on london@fleurets.com or call 020 7280 4700.