Mill Arms, Barley Hill, Dunbridge, Romsey, SO51 0LF
Offers in Excess of
£1,150,000
£36.98 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
31,102 sq ft
2,889 sq m
- SECTOR
Pub for sale
Key features
- Freehold public house investment
- Entire property let to Dunbridge Mill Limited
- Property arranged over ground and first floors on large 0.71 acre site
- We are instructed to invite offers in excess of £1,150,000 (6.86% NIY)
- Current rent of £83,555.88 per annum
- Lease expires August 2027
- The rent is subject to five yearly open market rent reviews and annual uncapped RPI
- Business unaffected by sale
Description
Description
The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched and hipped roof.
Location
Located in the Test Valley hamlet of Dunbridge in the county of Hampshire, 4.0 miles (6.4 kilometres) north of Romsey, 8.0 miles (12.8 miles) south of Stockbridge and 16.0 miles (25.6 kilometres) west of Winchester.
The Mills Arms is situated at the intersection between Lockerley Road and Barley Hill on the periphery of the built up area, immediately opposite the local railway station. There are some residential properties neighbouring the property. Mottisfont Abbey visitor attraction is also close by.
Accommodation
Ground Floor: The ground floor provides a traditional pub trading area with a central bar servery and seating for 54 customers on loose tables and chairs. In addition there is a conservatory seating 20 customers and a separate skittle alley with its own bar accommodating up to 120 customers. Ancillary areas include a trade kitchen, customer WC's including a disabled WC and a separate cellar.
First Floor: The first floor comprises six en-suite letting bedrooms and a three bedroom manager's flat with two bathrooms, living room and kitchen.
Externally: There is an enclosed customer area to the side of the pub with seating on loose tables and chairs for 54 customers. There is car parking to the front and rear of the pub for 36 cars.
Tenure
The property is held freehold (Title Number HP438989).
Tenancy
The entire property is let to Dunbridge Mill Limited on a 10 year lease from 15 August 2017 at a current rent of £83,555.88 per annum which is subject to five yearly open market reviews and annual RPI increases (except in the open market review year). A rent deposit of £17,884 is held by the landlord.
Planning
The property is not listed or situated within a conservation area.
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.
EPC
D-90
Terms
We are instructed to invite offers in excess of £1,150,000 (6.86% NIY) assuming the usual purchasers costs.
Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:
The property comprises the ground and first floor of a two storey detached building with painted rendered elevations beneath a pitched and hipped roof.
Location
Located in the Test Valley hamlet of Dunbridge in the county of Hampshire, 4.0 miles (6.4 kilometres) north of Romsey, 8.0 miles (12.8 miles) south of Stockbridge and 16.0 miles (25.6 kilometres) west of Winchester.
The Mills Arms is situated at the intersection between Lockerley Road and Barley Hill on the periphery of the built up area, immediately opposite the local railway station. There are some residential properties neighbouring the property. Mottisfont Abbey visitor attraction is also close by.
Accommodation
Ground Floor: The ground floor provides a traditional pub trading area with a central bar servery and seating for 54 customers on loose tables and chairs. In addition there is a conservatory seating 20 customers and a separate skittle alley with its own bar accommodating up to 120 customers. Ancillary areas include a trade kitchen, customer WC's including a disabled WC and a separate cellar.
First Floor: The first floor comprises six en-suite letting bedrooms and a three bedroom manager's flat with two bathrooms, living room and kitchen.
Externally: There is an enclosed customer area to the side of the pub with seating on loose tables and chairs for 54 customers. There is car parking to the front and rear of the pub for 36 cars.
Tenure
The property is held freehold (Title Number HP438989).
Tenancy
The entire property is let to Dunbridge Mill Limited on a 10 year lease from 15 August 2017 at a current rent of £83,555.88 per annum which is subject to five yearly open market reviews and annual RPI increases (except in the open market review year). A rent deposit of £17,884 is held by the landlord.
Planning
The property is not listed or situated within a conservation area.
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.
EPC
D-90
Terms
We are instructed to invite offers in excess of £1,150,000 (6.86% NIY) assuming the usual purchasers costs.
Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:
Brochures
Mill Arms, Barley Hill, Dunbridge, Romsey, SO51 0LF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Mottisfont & Dunbridge Station0.0 miles
- Romsey Station3.7 miles
- Dean Station3.9 miles
About Savills, Southampton - Licensed Leisure
Savills, Mountbatten House,1 Grosvenor Square Southampton SO15 2BZNotes
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