7 & 8, Kingsbury Street, Marlborough, SN8 1HU

Description
Both properties occupy a mid-terrace location on Kingsbury Street. No. 7 is two storeys from street level with part-rendered and painted gable end elevation under a multipitch tile roof. The property extends to the rear with a further two storey building of painted brick elevations under a pitched tile roof with dormer windows. Further to the rear, there is an historic single storey pitched roof, timber-framed construction barn building. No. 8 also has a mid-terrace location being of brick and stone construction being two storeys above street level with attic accommodation under a pitched tile roof. The property benefits from basement accommodation and a walled garden to the rear

Location
Marlborough is located in the North Wessex Downs AONB approximately 35 miles east of Bath and 19 miles west of Newbury. Marlborough is regarded as Wiltshire's most dynamic and cosmopolitan market town which is popular for shopping and has a wide choice of places to eat and drink in pubs, restaurants, cafes and tea rooms. Hospitality operators include Rick Stein, ASK, Coffi Lab and Dan’s at The Crown. The town, which has the UK’s widest high street has a wide range of independent and branded retailers anchored by a centrally located Waitrose. Visitor attractions include the indie Parade Cinema and the Town Hall. Marlborough was ranked among Sunday Times Best Places to Live in 2023. The town is also well known for the prestigious Marlborough College independent school which accommodates around 1,000 co-educated students. Marlborough has an estimated population of 8,395 (2011 Census). The property is located on Kingsbury Street just 100 metres north of the junction of High Street and Oxford Street.

No8
No.8 is configured to provide the following:
Basement: 1 x ensuite bedroom with sunken lantern to street level.
Ground floor: 1 x ensuite bedroom, ancillary room (former reception), unused room to the
rear, storage and access to garage to side.
First floor: 3 x ensuite bedrooms.
Second floor: 2 x en-suite bedroom family suite.

No8
No.7 is configured to provide the following:
Ground floor: Commercial restaurant (20 seats) with bar servery, trade kitchen, storage area
and customer WCs. Barn outbuilding to rear.
First floor: 1 x ensuite bedroom with 2 x unused rooms to rear.
Second floor: 2 x en-suite bedrooms.

The Business
The business is privately owned and operated remotely by our clients and has built a solid reputation as one of Marlborough's best boutique hotel venues. Business is derived from a wide range of domestic and overseas visitors as well as form Marlborough College. Room occupancy rates are around 75%. There is scope to develop the wedding and events business with implementation of the planning works.
The ground floor restaurant is operated on reduced days and is also used as a development kitchen for our client's business, Bite Me Burger.
Please visit the business website for more information:

Planning and Conservation
The properties benefit from planning permission as follows

18/01873/FUL
7 Kingsbury Street - Erection of single storey extension and alterations to refurbished barn to form dining room and formation of 4 no. letting rooms to first and second floors.
8 Kingsbury Street - Change of use from Use Class C3 dwelling houses to Use Class C1 guest house. Demolition of rear extension and erection of single storey extension to restaurant comprising ancillary kitchen, staff, office, storage and WCs.
We understand the property is not individually listed but is part of a wider Grade II listed area of Marlborough and is located in a Conservation Area.

Services
We understand all mains services are connected.

EPC
No7 - The Energy Performance Certificate is C-66.
No8 - The Energy Performance Certificate is C-62.

Premises Licence
The property has a premises licence permitting various activities including the sale of alcohol Monday to Saturday 10:00 - 23:00 and Sunday 12:00 - 22:30.

Fixtures and Fittings
All fixtures and fittings owned outright will be transferred on completion, certain personal items may be retained by the vendor.

Rateable Value
The Rateable Values for the properties are as follows - £19,250 (No.7) and £9,700 (No.8). Please check for up to date information on Small Business Rates Relief and rates payable.

Tenure
Freehold. The properties are held on two titles WT163093 (No.8) and WT173655 (No.7). These can be sold together with a guide price of £1.45m or individually for £725,000. We understand that VAT is not applicable.

Viewings
The business is currently trading and staff are not aware of any potential sale. Please do not approach the staff or business directly. We recommend a discreet customer visit in the first instance (check the website for latest opening times). Formal viewings can be arranged by appointment with the joint sole selling agents Savills or Hamptons.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.