Leckford Hutt, London Road, Stockbridge, SO20 6DE

Description
A detached two storey public house above street level of brick construction under a pitched tile and slate roof. There is a good sized single storey extension under a pitched slate roof to the rear, with smaller extensions to the side. Within the plot is a detached timber frame annexe accommodation building under a pitched slate roof. The property benefits from a mature landscaped private garden and car park within a plot of approximately 0.426 acres (0.172 hectares).

Location
The Leckford Hutt (also known as Leckford Courtyard) is located on the main A30 approximately 2.9 miles east of Stockbridge, 4.8 miles south-west of Sutton Scotney and 7.8 miles north of the historic City of Winchester. Road connections are excellent, with the property being located on a long straight stretch of road approximately 6.0 miles from the junction of the A34 and A303. The area is administered by Test Valley Borough Council.

The property's closest town, Stockbridge, is well known for its collection of high quality pubs, restaurants and boutique retail units and set within a historic, characterful High Street. The area is world famous for its chalk streams running from the River Test and fly fishing. The Leckford Estate, is the Waitrose & Partners Farm, and is located less than 5 miles to the west.

Terms
Freehold Title HP706061.
The freehold guide price has been reduced to £700,000 for the benefit of the freehold title.
The vendors are in the process of agreeing a 5 year lease on the main Leckford Hutt property at a monthly rent of £3,000 (no VAT) increasing to £3,500 after the first year - the property will be operated as a hospitality venue;
• Leased area to include main building only, car park and gardens;
• In addition, a separate lease will be granted on one of the annexe outbuildings at £800 per month including utilities;
• The lease will contain a mutual lease break on 1 February 2028 and 2030;
• A security deposit is to be held for the duration of the lease.

Planning & Conservation
The property is not in a flood zone, not in Green Belt or AONB. The property is Grade II Listed (ref 1093218). We understand the established use of the property is as a public house/restaurant/hospitality venue, but is listed on the VOA 2023 Rateable Value register as "function room and premises." The property is currently used a private dwelling and hospitality/accommodation venue. We recommend parties make enquiries under the Town and Country Planning (Use Classes) Order 1987 (as amended).

Accommodation
We anticipate that the main building will be held under the new proposed lease agreement so no vacant possession available.
The ground floor is configured as a character dining venue with original features and has five distinct areas which are currently configured as living accommodation. The areas provide lounge, reception, study, formal WCs, trade/private kitchen and a garden-facing living room.
The first floor provides up to four bedroom spaces, but has three is current use.
A basement cellar is provided.

Letting Rooms & Events Business
The Leckford Courtyard previously acted as the owner's business space, advertised as a secluded outdoor space for parties, picnics, reunions and a variety of other functions with all modern amenities.
The property benefits from two self-contained living spaces with en-suite bedroom and open plan reception and kitchen, all finished to a high standard. We understand one unit will be leased by the proposed tenant at £800 pcm and the other will be sold with vacant possession.

External Areas
Within the 0.426 acre plot is a private landscaped garden and courtyard which which is accessible directly from the main property and annexe. Located to the right side is a gravel car-park for approximately 12 vehicles. The courtyard also benefits from a separate gated entrance and parking.

Services
Electricity: Mains.
Gas: LPG.
Water: Bore hole (serviced annually).
Waste water/sewerage: 2 x septic tanks.
Household Waste: Private collection.

Premises Licence
The property benefits from a licence PREM/05/0071 [permitting the sale of alcohol every day 09.00 - 00.00.

VAT
We understand that VAT should not be applicable to the purchase price, however, please contact Savills to discuss.