The London & South East office of specialist pub agents Sidney Phillips, is offering a rare investment opportunity in Kent for sale.
The Hawkenbury (previously known as the Hare & Hounds) is situated in a countryside location in the village of Hawkenbury in Kent. The property is positioned equidistant between Headcorn and Staplehurst, both of which are busy commuter towns surrounded by tourist attractions such as Sissinghurst Castle Gardens, Leeds Castle and Scotney Castle.
The property itself is a two-storey semi-detached public house set in approximately 0.7 acres, with a sizeable property footprint in the region of 4,140 sq ft. The property was established as a public house in 1890 popular with hop pickers from London and servicemen based at RAF Staplehurst during WWII.
The Hawkenbury is let on a fully repairing and insuring commercial agreement to a private individual, and produces a rental income of £52,900 per annum (a net investment yield of 8.14%).
Robert Cockayne of Sidney Phillips, who is handling the sale, commented: “The Hawkenbury is an exciting opportunity, as the property benefits from planning permission to provide for a further 10 letting bedrooms whilst retaining one of the existing flats and has also in the past been granted for conversion of the storage barn to provide for 3 family letting bedrooms.”
The freehold interest of The Hawkenbury, subject to the existing lease is being marketed off an asking price of £650,000.
For further information about this business for sale and other pubs for sale, please contact Sidney Phillips’ on 01892 725900, by email (southeast@sidneyphillips.co.uk) or click here for more detail.