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£640,000

High Street, Higham Ferrers, NN10

  • 4 beds
Other

£640,000

  • 4 beds
Other
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Estimate monthly mortgage payment:

£2,922 per month

Minimum deposit amount:

£32,000
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A unique development / investment opportunity, as a Freehold investment, trading as a public house, restaurant or other business opportunity in continuation with new or existing tenancy either now (by arrangement) or within two years OR, as a development opportunity for a number of alternative uses (subject to planning)

Plans have been drawn up, but not submitted for planning, currently focusing on two new build houses and conversion of the pub into apartments: 3 x 2 bedroom apartments, 4 x 1 bedroom apartments (conversion of the existing building) and 2 x 3 bedroom new build houses (within the carpark). Details of this scheme being available on request.

For sale, freehold, is this wet only, free-of-tie public house, currently trading as Joe s Bar a private members club, who s full repairing lease expires July 2027. The long-standing and existing tenant s rent is ?33,000 per annum until July 2025, then ?35,000 per annum for the year of 2025/26 and ?37,000 per annum for the year of 2026/27. Tenant negotiable on vacating, if so required.
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£2,922 per month
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£19,500
Mortgage and legal costs:
£999
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