UNDER OFFER
Half Moon, 32 London Road, Petersfield, GU31 4BE
Offers in Excess of
£1,025,000
£25.30 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
40,511 sq ft
3,764 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold public house investment
- Entire property let to private individuals
- Four en-suite letting rooms
- Current rent of £72,624 per annum
- The rent is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year)
- We are instructed to invite offers in excess of £1,025,000 (6.70% NIY)
- Property arranged over two levels: ground and first floors
- Site extending to 0.93 acres
- Lease expires June 2041
- Business unaffected by sale
Description
Description
The property comprises the ground and first floor of a two storey detached building with painted elevations beneath a pitched and hipped roof.
Location
Located just outside the town of Petersfield in the county of Hampshire, 18.9 miles (30.2 kilometres) north west of Portsmouth and 32.3 miles (51.5 kilometres) north east of Southampton.
The Half Moon is situated fronting London Road (A272) within a largely residential and rural area approximately 1.0 mile (1.7 kilometres) north east of Petersfield town centre.
Accommodation
Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 50 customers. There is a private function room with seating for 70 customers to the rear. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.
First Floor: The first floor comprises the office, kitchen and managers flat with a bathroom, lounge and four en-suite letting rooms.
Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 165 customers. There is parking to the rear for 44 vehicles.
Tenure
The property is held freehold (Title Number HP461405).
Tenancy
The entire property is let to two private individuals on a 20 year lease from 21 June 2021 at a current rent of £72,624 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £17,111 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
C - 52
Terms
We are instructed to invite offers in excess of £1,025,000 (6.70% 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.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then pleas 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 elevations beneath a pitched and hipped roof.
Location
Located just outside the town of Petersfield in the county of Hampshire, 18.9 miles (30.2 kilometres) north west of Portsmouth and 32.3 miles (51.5 kilometres) north east of Southampton.
The Half Moon is situated fronting London Road (A272) within a largely residential and rural area approximately 1.0 mile (1.7 kilometres) north east of Petersfield town centre.
Accommodation
Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 50 customers. There is a private function room with seating for 70 customers to the rear. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.
First Floor: The first floor comprises the office, kitchen and managers flat with a bathroom, lounge and four en-suite letting rooms.
Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 165 customers. There is parking to the rear for 44 vehicles.
Tenure
The property is held freehold (Title Number HP461405).
Tenancy
The entire property is let to two private individuals on a 20 year lease from 21 June 2021 at a current rent of £72,624 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £17,111 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
C - 52
Terms
We are instructed to invite offers in excess of £1,025,000 (6.70% 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.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then pleas visit the following website for a selection of properties we are currently marketing:
Energy Performance Certificates
EPCBrochures
Half Moon, 32 London Road, Petersfield, GU31 4BE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Petersfield Station1.2 miles
- Liss Station2.3 miles
About Savills, Southampton - Licensed Leisure
Savills, Mountbatten House,1 Grosvenor Square Southampton SO15 2BZNotes
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