An exciting opportunity to acquire this substantial mixed use property comprising a ground floor public house known as ‘The Junction Tavern’ and part ground and upper floors with Planning Permission for change of use into two HMOs comprising a total of ten units.
Sold with vacant possession the entire property, once completed, will offer an ideal business opportunity or could be let to provide a good income.
The Junction Tavern was previously let at £40,000 per annum has undergone complete renovation works and now provides a welcoming stylish restaurant/bar with ample seating and facilities. Conversion of the remaining building has commenced with the separation of the former function room and upper parts. New services have been run to the building along with clearance work. Once completed the HMOs will provide ten bedrooms with en-suite facilities and two kitchen/dining rooms offering a projected gross income of £85,000 per annum.
With a provision for three car parking spaces for the pub and two for the HMO. It is also considered that there may be further potential for extension of the existing building to provide further accommodation or possible reconfiguration into self contained flats, subject to all necessary consents being obtainable. Interested applicants are advised to make their own enquiries with the Local Planning Authority, the Wealden District Council. Tel: 01323 443322. Website: wealden.gov.uk.
Planning Permission has been granted by Wealden District Council under ref: WD/2019/1221/F, dated 30th June 2020, for change of use of rear function room to contain HMO containing five units (C4 use class) and change of use of first and second floor to HMO containing five units (C4 use class). Replacement of windows to the upper parts and rear elevations and other alterations to fenestration, subject to conditions.
Ground Floor – Front
Restaurant/bar area, kitchen and three W.Cs.
Ground Floor – Rear
Plant room, laundry room, hallway, kitchen and five bedrooms each with an en-suite.
Landing, kitchen/diner, three bedrooms each with an en-suite and roof garden.
Landing, two bedrooms each with an en-suite.
Bin store (public house), bin store (HMO) and bike store with pet station.
The site extends to 0.88 hectares (0.21 acres).