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Wellingtons Freehouse, 2-4 Osborne Road New Milton, Hampshire, BH25 6AD

Guide Price
£540,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

Ask agent

SECTOR

Pub for sale

Key features

  • Town centre location
  • Ground floor pub (c.40). Run under management
  • 3 residential flats. Rental income: £3,500pcm
  • GIA: 3802 sq ft / 353.2 sq m
  • Site Area: 0.080 acres (0.032 hectares)
  • £6,000+ gross weekly sales. EPC: B
  • Christie & Co Ref: 3858277

Description

Description

The Wellingtons Freehouse in New Milton is an end of terrace property of brick construction, run under management. This property features a ground floor wet-led pub, comprising an open plan trade area with a central bar servery, function room and small kitchen. The pub generates approximately £6,000 plus a week in gross sales.

On the first and second floors, there are three residential flats, including a 3-bedroom flat with a shared a kitchen, and two 1 bedroom flats with their own kitchenette. These flats are accessed via a staircase at the rear of the property. They currently let for between £500 per month and £900 per month.

Externally, the property features side access to a smoking area and independent access to the flats. The current owner has owned the property since July 2021 and is now looking to streamline their portfolio. This property is ideal for investors looking to tenant the pub or those who want to continue running it under management.

GIA: 3802 sq ft / 353.2 sq m
Site Area: 0.080 acres (0.032 hectares)

Location

Wellingtons Freehouse is situated on Osborne Road in New Milton, Hampshire. This charming market town lies in southwest Hampshire, on the edge of the New Forest and near the coast at Barton-on-Sea. It is approximately 21 miles from Southampton and 12 miles from Bournemouth.

The Freehouse is conveniently located just a short 0.3 mile walk from New Milton railway station, making it easily accessible by train. From New Milton, you can reach London Waterloo in about 1 hour and 42 minutes on the fastest services.

The property enjoys a prime town centre location and is close to Osborne Road public car park, which offers around 80 spaces.

Ground Floor

Open plan bar area seating c. 40 with central bar servery
Function room
Ladies and gentlemen's WCs
Small kitchen area, office, beer cellar and a range of ancillary storage cupboards

Other Floors

Arranged over the first and second floors are three residential flats. These flats share a kitchen and are accessed via a staircase at the rear of the property leading off a shared balcony.

Fixtures & Fittings

All in situ trade fixtures and fittings are included in the freehold purchase price, except for third party items and certain personal effects. A detailed inventory will be provided to prospective buyers upon acceptance of an offer.

Use Classes

Self-contained flat (includes Maisonette / Apartment) – C3
Leisure - Applicable to recreational sites and enterprises - Sui generis
Public House / Bar / Nightclub - Sui generis

External Details

The external courtyard on the left side of the property serves as a smoking area and parking space for one vehicle.

Staff

The business is currently run under contracted management who are responsible for employing staff.

Trading Information

Detailed current and historical information is available upon request for seriously interested parties.

Trading Hours

Monday to Thursday: 11:00am - 11:00pm
Friday: 11:00am - 12:00am (midnight)
Saturday: 11:00am - 12:00am (midnight)
Sunday: 12:00pm - 10:30pm

Tenure

Freehold to be sold as a trading going concern (TOGC) inclusive of the trade fixtures and fittings. Stock (SAV) - Stock will be purchased at valuation on completion in addition to the agreed purchase price.

Business Rates

Current Rateable Value (1 April 2023 to present) is £5,700.

Regulatory

Premises Licence.

Energy Performance Certificates

EPC 1

Brochures

Wellingtons Freehouse, 2-4 Osborne Road New Milton, Hampshire, BH25 6AD

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • New Milton Station0.2 miles
  • Hinton Admiral Station2.7 miles
  • Sway Station2.7 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 3858277-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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