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The Silk Rooms at Freemasons Inn, Silk Mill Street, Knutsford

Guide Price
£1,795,000

£519.69 per sq ft

Business rates & charges may apply

Savills, Manchester
SIZE AVAILABLE

3,454 sq ft

321 sq m

SECTOR

Mixed use property for sale

Key features

  • Fully renovated and restored Grade II Listed property.
  • A ground floor bar, let for a period of 10 years from May 2024.
  • An annual income on the ground floor of £45k+ pa exclusive of VAT.
  • Six upper floor boutique hotel rooms, operating as a separate business.
  • Profitable hotel - achieving 80% occupancy.
  • Freehold - hotel and ground floor investment.
  • Sale and leaseback option of the upper parts at 65k per annum.

Description

This mixed-use property offers a high earning investment opportunity. With no additional work required thanks to a comprehensive refurbishment in 2022, 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

Brochures

The Silk Rooms at Freemasons Inn, Silk Mill Street, Knutsford

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Knutsford Station0.2 miles
  • Mobberley Station2.4 miles
  • Plumley Station2.8 miles

About Savills, Manchester

Savills (UK) Limited, Belvedere 12 Booth Street, Manchester, M2 4AW

Who We Are

Savills Licensed Leisure team deals with freehold and leasehold licensed premises nationally for all purposes. We advice on sales, lettings and acquisitions of both trading and vacant premises.

Our Services

Our agency team sells licensed premises nationally and our existing clients include national pub companies, major leisure corporations and premium private operators across the UK. The team deals with sales, lettings and acquisitions of both trading and vacant premises. These include pubs, restaurants, late night bars, nightclubs and hotels.

We are one of the most respected team of Valuers in the industry providing specialist valuations for loan security, accounting and taxation purposes. Our clients include all major banks and lending institutions throughout the UK.

We offer clients a consultancy service including viability appraisals and Expert Witness reports to assist with development and planning opportunities. We are also able to represent clients whose interests are affected by Compulsory Purchase proposals.

In addition to a strong track record of dealing with trading properties, the team has particular expertise in redevelopment, working closely with the Savills Planning and Urban Design departments.

We represent Landlords and Tenants in rent review and lease renewal negotiations and make representations to Arbitrators and Independent Experts when disputes

require it.

The team includes highly experienced dispute resolvers able to act as arbitrators, independent experts and PIRRS valuers in rent review and lease renewal cases.

We undertake rating appeal work on behalf of owners/occupiers to mitigate business rates liabilities, as well as advising on empty rates.

The team have extensive experience in the sale and acquisition of licensed investments both individually and in large portfolios. Our knowledge of the buyer pool, whether that be a major fund, family office or small private investor, is coupled with a detailed granular knowledge of the underlying specialist asset.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 850D6B15-1D06-4B99-BAEE-E9BE426D0BC6. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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