Royal Oak, Goodworth Clatford, Andover, SP11 7QY

£700,000

Size

28,357.56

Tenure

Freehold

EPC

Parking

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Primary use
Other

No floor / site plan

Key features

  • Freehold public house investment
  • Entire property let to a private individual
  • Site extending to 0.651 acres
  • Current total income is £56,248 per annum, comprising rent and tie release fee
  • Lease expires October 2029
  • The rent and tie release fee are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%
  • Lease contracted outside the Landlord and Tenant Act 1954 (Part II)
  • We are instructed to invite offers in excess of £700,000 (7.63% NIY)
  • Business unaffected by sale

Description

Description
The property comprises the basement, ground and first floor of a two storey detached building with painted brick and tiled-clad elevations beneath a pitched tiled roof.

Basement: The basement provides the cellar.

Ground Floor: The ground floor provides seating for 85 customers arranged as an L-shaped central bar servery with a relaxed loose seating to the front, centred around two fireplaces. To the rear there is a dining area. Ancillary areas include a trade kitchen and customer WC's each side.

First Floor: The first floor comprises an office, lounge, living room, bathroom and three double bedrooms.

External: There is a paved area with bench seating for 24 customers and a grassed area which could be developed to provide a garden. There is parking to the front and side rear for 25 vehicles.

Location
Located in the village of Goodworth Clatford 3.3 miles south of Andover in the county of Hampshire, 60 miles southwest of London.

The Royal Oak is situated fronting Longstock Road in a village setting surrounded by residential homes and farmland, a short drive south of Andover. The village has local attractions including; The Clatford Arms, Goodworth Clatford Vineyard and St Peter's Church.

Tenancy
The entire property is let to a private individual on a 5 year lease from 22 October 2024 at a current rent of £29,000 per annum, and an annual tie release fee of £27,248, which are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%. A rent deposit of £7,361 is held by the landlord. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
Additional information
Service charge
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Business rates
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Use class
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Listed building
No
Business for sale
No
Energy performance certificate: C

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Royal Oak, Goodworth Clatford, Andover, SP11 7QY

NEAREST STATIONS

National Rail

Andover Station

2.33 miles

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Disclaimer - Property reference 333141-1. 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.