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The Freemasons Inn, located in Knutsford, Cheshire, has been brought to market for offers over £1.795m.The site is a Grade II listed former silk mill with a “celebrated heritage”, situated in a prime position just off the main high street in Knutsford, next to the Market Hall.
The 3,454 sq ft property is split over a cellar, ground, first and second floors, and also features an external courtyard. It was extensively refurbished in 2022, including the installation of a new roof.
The property has two guaranteed occupational leases. The upper floors are on a 10 year lease to a six-room boutique hotel called The Silk Rooms, which provides £65,000 per annum of rent revenue. That figure is supplemented by an additional £45,000 of annual income from the family-run Bar Six on the ground floor, which is due to increase to £47,000 in 2028, giving an immediate total rental income of £110,000.
Offers on the building are welcome over £1.795m, and there is scope to purchase the hotel business too.
Tom Cunningham, UK regional director, Hotel Capital Markets, Savills Manchester, who is overseeing the sale, said: “Freemasons Inn is steeped in history and has been lovingly refurbished in the past three years in a way that respects its heritage.
“Knutsford is regularly named one of the best places to live in the North West, and the property is popular with visitors who want to experience the town. With two high-income businesses already on site, it represents an opportunity for an investor to capitalise on Knutsford’s growing reputation as a destination.”
