Fighting Cocks, Godshill, Fordingbridge, SP6 2LL
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Freehold public house investment
- Entire property let to Country Inns who operate 7 pubs
- Property arranged over two levels: ground and first floors extending to 5,435 Sq ft (505 Sq M)
- Current rent of £87,550 per annum
- The rent is subject to five yearly open market reviews and annual RPI increases with a collar of 1% and cap of 5% (except in the open market review year)
- We are instructed to invite offers in excess of £1,250,000 (6.61% NIY)
- Site extending to 1.38 acres
- Lease expires July 2043
- Business unaffected by sale
- Recent tenant investment
Description
The property comprises the ground and first floor of a two storey detached building with brick and painted elevations beneath a pitched and hipped roof.
Location
Located in the village of Godshall in the county of Hampshire, approximately 11.7 miles (18.7 kilometres) south of Salisbury and 19.1 miles (50.6 kilometres) west of Southampton.
The Fighting Cocks is situated fronting Roger Penny Way (B3078) in a mixed residential and rural area, approximately 1.9 miles (3.0 kilometres) north east of Fordingbridge.
Accommodation
Ground Floor: The ground floor provides an open plan trading area with an L-shaped bar servery and seating on loose tables, chairs and bench seating for 100 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.
First Floor: The first floor comprises four en-suite letting bedrooms, a staff room with an en-suite and an additional lounge room. Ancillary areas include a laundry room.
Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 32 customers. There is parking for 30 vehicles.
Tenure
The property is held freehold (Title Number HP598473).
Tenancy
The entire property is let to The Fighting Cocks (Fordingbridge) Ltd on a 20 year lease from 26 July 2023 at a current rent of £87,550 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 1% and cap of 5% (except in the open market review year). A rent deposit of £21,615 is held by the landlord.
Planning
The property is not listed however is situated within the Western Escarpment 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
B - 48
Terms
We are instructed to invite offers in excess of £1,250,000 (6.61% 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 prospective 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:
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.
For further information and all viewing requests please contact the sole selling agents Savills.
Energy Performance Certificates
EPCBrochures
Fighting Cocks, Godshill, Fordingbridge, SP6 2LL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Dean Station9.0 miles
Notes
Disclaimer - Property reference 287584-1. 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 Savills, Southampton - Licensed Leisure. 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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