Freemasons Inn, Silk Mill Street, Knutsford, Cheshire, WA16

For Sale - A rare investment opportunity located in a prime, high footfall area in Knutsford town centre.

LOCATION
Situated in prime position off Knutsford's main high street, the Freemasons Inn is located on Silk Mill Street next to the Market Hall and directly opposite the Silk Mill Car Park.

DESCRIPTION
This mixed-use property offers a high earning investment opportunity. With no additional work required thanks to a comprehensive refurbishment, the property allows for easy management and maintenance.

Ground Floor
Kitchen and bar space leased to Bar Six Knutsford Ltd.
Lease Term: 10 years from May 2024
Annual Rental Income: £45k per annum (set to increase to £47k in Year 4 - rent review in Year 5, outside Landlord and Tenant Act)

Upper Floors
Six boutique en-suite hotel rooms
Currently operating as The Silk Rooms business, established in 2023
Rooms averaging at £143 per night at a 73% occupancy rate
Current net business income (before taxes): £140k per annum

This hands-off investment comes with x2 guaranteed occupational leases in place.

The sale involves leasing the hotel operation to the original owner allowing you to earn passive income.

Hotel leased at: £65k per annum on a 10 year lease to current owners
Annual income from bar: £45k - £47k per annum
Combined income: over £110k per annum

PRICE
Priced at £2,000,000 + VAT with gross yield of 5.5%