1 The Square, Wickham, PO17 5JN

Description
The property comprises a part Grade II* and part Grade II Listed building dating from the c.16th Century. The buildings are predominantly of masonry construction with some timber frame under a pitched and tiled roof. The property is in three parts, with the main part comprising The Spotted Cow public house and restaurant arranged over ground, first and second floors. The pub and restaurant benefits from a small courtyard garden. Adjoining there is a self-contained ground floor retail unit occupied by Revitalise charity. In addition there is a self-contained office at the first floor level directly above the retail unit and accessed via the pub garden.

Location
Wickham is a small desirable village approximately 3 miles north of Fareham and the M27. The village is directly accessed via the A334 Winchester Road and is centred around a large, well-proportioned Market Square which itself is surrounded by historic attractive buildings. The subject property is situated in a prominent position in the south western corner on the Market Square.

Terms
We have been instructed to market the freehold interest at a price of £795,000

Tenancies
The Square Cow Pub & Restaurant
Let to a private individual for a term of 20 years, for a term expiring 11 June 2038, at a rental of £40,000pax. The lease is subject to 5 yearly upward only rent reviews, with the next due in June 2026.

Retail Shop
Let to Revitalise Charity for a term of 10 years, for a term expiring November 2028, at a rental of £18,000pax without further rent review. The tenant is in the process of assigning their lease to a national charity, further details on request.

Office
Under offer to a private individual by way of a new 6 year ex-Act lease, subject to 3rd year upward only rent review / tenant option to break at a rental of £8,000pax.

VAT
The property is not elected for VAT.

Anti Money Laundering
Anti-Money Laundering Regulations 2017, Due to Government legislation we are legally obliged to undertake Anti-Money Laundering checks on prospective purchasers on transactions which involve a capital value of 15,000 euros or more. We are also required to request proof of funds.

Rateable Value
The Square Cow - £40,000
Retail Shop - £17,000
Office - £14,250