Description
The property comprises the basement, ground, first and second floors of a three storey detached building with part painted brick elevations beneath a multi-pitched roof. The property has been extended several times to the rear to provide additional dining space. The property has an approximate site area of 0.70 of an acre.
Location
Kempsey is a small village located within the Malvern Hills District of Worcestershire approximately 4.1 miles south of Worcester and 11.5 miles north of Tewkesbury. The Talbot is situated fronting Kempsey Main Road which provides fast travel to the M5 via Junction 7.
Accommodation
Basement: The basement provides additional ancillary storage.
Ground Floor: The ground floor trading area comprises a central bar servery with a main bar area, games room and dining area with seating on loose tables, chairs and booths for approximately 115 customers in total. Ancillary areas include customer WC’s (including disabled), a large trade kitchen, beer cellar and storage room located to the rear.
First Floor: The first floor provides of two separate managers flats which comprises of a large double bedroom, lounge, kitchen, three separate bathrooms with a managers office and storage room.
Second Floor: The second floor provides further managers accommodation comprising of three double bedrooms.
Externally: Externally there is customer trade areas to the rear and side with seating on loose tables and chairs for approximately 148 customers and car parking for 52 vehicles.
Planning
The property is Grade II listed and it is situated within the Kempsey Conservation Area.
Rateable Value
£29,000.
EPC
C - 69.
Tenure
The Property is held freehold (Tile Number WR81004), subject to and with the benefit of an Occupational Lease to Marston’s Plc (Company Number 00031461).
Tenancy
The property is let to Marston’s Plc on a fully repairing and insuring lease, subject to a schedule of condition, for a term expiring on 22nd November 2031. The lease is drawn within the Security of Tenure provisions of the Landlord & Tenant Act 1954.
The passing rent of £57,964 p.a. The lease is subject to an upward-only rent review on 23rd November 2026, in line with RPI, with a collar of 1% and a cap of 3%. The rent from 23rd November 2026 will be £67,180 p.a. in line with the RPI provisions.
Covenant
Marston’s Plc (Company Number 00031461), established in 1834, is one of the UK’s most established operators of pubs, restaurants and hotels, with 1,328 sites, of which 83% are owned freehold (29 March 2025). Marston’s is listed on the FTSE250 with a market capitalisation of £358.39 million (11 March 2026).
Marston’s disposed of its 40% stake in Carlsberg Marston’s Brewing Company (CMBC) in July 2024 (FY2024) for net proceeds of £202.6 million. This disposal has been transformational for the business, helping them reduce their debt position.
Terms
We are instructed to invite offers in excess of £822,500 (£117/SQ FT) which reflects a Net Initial Yield of 7.75% after deducting the usual purchasers costs.
The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff. For further information and all viewing requests please contact the sole selling agents Savills.
