CT21 Swan Hotel, 59 High Street, Hythe

Freehold public house and hotel investment

The property comprises the ground, first and second floors of a three storey mid-terrace building with exposed brick elevations beneath a pitched and hipped roof.

Ground Floor:

The ground floor provides an open plan trading area with central bar servery and seating on loose tables, chairs and stools for 34 customers. To the rear is a restaurant area with a separate bar servery and further seating on tables and chairs for 34 customers. Ancillary areas include a trade kitchen, customer WC's, cellar and stores.

First Floor:

The first floor provides nine en-suite letting rooms and auxiliary facilities including laundry room and office.

Second Floor:

The second floor provides staff accommodation comprising six bedrooms.

Externally:

There is parking to the rear for 7 vehicles.

The property is held freehold (Title Number K829839).

Entire property let to Patels Group Limited on a 20 year lease from 30 October 2020 at a current rent of £70,620 per annum which is subject to five yearly open market rent reviews and annual uncapped RPI increases (except in the open market review year). A rent deposit of £18,197 is held by the landlord.

The property is Grade II Listed and is situated within the Folkestone and Hythe Conservation Area.

The fixtures and fittings are currently owned by the occupational tenant.

C-71

Located in the seaside town of Hythe in the county of Kent, 5.0 miles (8.0 kilometres) west of Folkestone and 19.0 miles (30.6 kilometres) south of Canterbury.

The Swan Hotel is situated fronting High Street in a mixed-use area, which is a short distance from Prospect Road where operators such as The White Hart, The Three Mariners, The Hythe Bay Seafood Restaurant and Caffe Nero are located.