Available
Harrold – Public House
The Oakley Arms, 98 High Street, Harrold, Bedfordshire MK43 7BHFreehold Public House Investment
Price
£450,000
Rent P.A.
£26,000
Yield
5.78%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
2y 8m
Area
3,121 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises Grade II Listed public house including 2-bedroom owner’s accommodation, large beer garden and additional 2-bedroom guest/staff accommodation.
- Occupiers close by include pubs, restaurant/takeaways and butcher, amongst others.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises Grade II Listed village pub with restaurant. The property includes 2-bed owner’s flat and additional 2-bed accommodation suitable for staff/letting purpose, providing the following accommodation and dimensions:
Ground Floor: Bar & restaurant, snug bar, commercial kitchen, large beer garden
First Floor: 2-Bed owner’s accommodation with lounge, 2 bathrooms and residential kitchen. Additional 2-bed guest/staff accommodation with bathroom and lounge .
Total area size 290 sq m (3,121 sq ft)
Ground Floor: Bar & restaurant, snug bar, commercial kitchen, large beer garden
First Floor: 2-Bed owner’s accommodation with lounge, 2 bathrooms and residential kitchen. Additional 2-bed guest/staff accommodation with bathroom and lounge .
Total area size 290 sq m (3,121 sq ft)
Tenancy Description
The property is at present let to Slater & Slater Pubs Co Ltd for a term of 6 years 11 months from 5th January 2021 at a current rent of £26,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 05.01.27 open market upward only. Rent review from 2024 outstanding. No breaks. Deposit held of £4,333.33.
Tenancies & Accommodation
Location Description
Harrold is a civil parish and electoral ward in the Borough of Bedford within Bedfordshire, England, around nine miles north-west of Bedford. The village is on the north bank of the River Great Ouse, and is the site of an ancient bridge, linking the village with Carlton with Chellington on the south bank. Immediately to the east of the village is Odell. Across the bridge is Carlton. Occupiers close by include pubs, restaurant/takeaways and butcher, amongst others.
