2 Front Street • PorteSham Weymouth • Dt3 4et

the KingS armS

Freehold public house investment for sale, currently let on a lease expiring in 2026

Licensed Leisure www.savills.co.uk/licensedleisure

inveStment Summary

+ Freehold public house investment

+ Let to J & L Hospitality Limited

+ Current rent £48,500 per annum

+ Lease without break, expiring in December 2026

giving an unexpired term of approximately 7 years

+ Business unaffected by sale

+ Site area of approximately 0.789 acres (0.319 ha)

+ We are seeking offers in the order of £795,000

(5.78% NIY)

the KingS armS 2 Front Street, PorteSham, Weymouth Dt3 4et

Location

The property is located in the village of Portesham, Dorset, 9.7 kilometres (6.1 miles) south west of Dorchester, 9.8 kilometres (6.1 miles) north of Weymouth, and 16.5 kilometres (10.2 miles) north of the Isle of Portland.

The Kings Arms is situated in the centre of the village of Portesham fronting Front Street. The B3157 provides access to Weymouth to the south and the A35 to the north. The property is located in a residential area with local facilities including St Peters Church, Portesham Village Hall and Duck’s Farm Shop & Cafe.

DeScriPtion

The property comprises a two storey detached building. The Kings Arms has part stone and part tiled elevations beneath a pitched tiled roof.

Externally there is beer garden to the right elevation with separate bar servery and seating on wooden benches for approximately 120 customers.

The car park to right elevation provides parking for approximately 23 vehicles.

the KingS armS 2 Front Street, PorteSham, Weymouth Dt3 4et

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100022432 Savills (L&P) Limited.

accommoDation

Internally the trading area is situated at ground floor level with a central bar servery and loose tables and chairs surrounding. There is a more formal dining area to the rear of the ground floor. Ladies and gents WC facilities are also located at the rear with the cellar adjacent. There are two letting rooms which are accessed separately at ground floor. At first floor level there are 3 bedrooms, a lounge / kitchen with bathroom and separate WC.

ePc

An E - 105 EPC rating has been calculated.

PLanning

Our initial enquiries of the local authority have revealed that the property is not listed but is located within the Portesham Conservation Area.

tenure

The property is held freehold.

The entire property is let on a 9 year lease to J & L Hospitality Limited (Company Number 08212035) expiring 7th December 2026 at a current rent of £48,500 per annum, subject to 5 yearly open market reviews. The lease is free of trading ties.

the KingS armS 2 Front Street, PorteSham, Weymouth Dt3 4et

covenant

The property is let to a good independent tenant that has invested in the premises over time and we understand the business is trading successfully also.

the marKet

Investor appetite for public house investments throughout the United Kingdom has increased in recent years particularly where opportunities are let for a long term certain located in affluent towns and cities. The continued strong operational performance across the public house sector, which has outperformed the more traditional asset classes in recent times, has provided further certainty to investors as to the security of their income.

the KingS armS 2 Front Street, PorteSham, Weymouth Dt3 4et

Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (L&P) Limited.Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

October 2019

vat

It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT.

termS

We are instructed to invite offers in the order of £795,000 (5.78% NIY) assuming purchasers costs of 5.44%.

The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale

vieWing

All viewings must be arranged strictly by appointment with the sole selling agents Savills.

contactS

Adam Bullas+44 (0) 23 8071 3960abullas@savills.com Sian Tunney + 44 (0) 20 7499 8644stunney@savills.com