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The Black Swan Guest House Hotel 59 High St 9 Room Hotel Hythe CT21 5AD $1,322,617 CAD ($146,957 CAD/Room) 9.44% Cap Rate
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 | $1,322,617 CAD | Building Class | C |
| Price Per Room | $146,957 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 7,698 SF |
| Cap Rate | 9.44% | No. Rooms | 9 |
| Tenure | Freehold/Long Leasehold | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1921 |
| Property Subtype | Hotel | Parking Ratio | 1.17/1,000 SF |
| Price | $1,322,617 CAD |
| Price Per Room | $146,957 CAD |
| Sale Type | Investment |
| Cap Rate | 9.44% |
| Tenure | Freehold/Long Leasehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,698 SF |
| No. Rooms | 9 |
| No. Stories | 3 |
| Year Built | 1921 |
| Parking Ratio | 1.17/1,000 SF |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 9 | $121.08 CAD | - |
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The Black Swan Guest House Hotel | 59 High St
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