Portsmouth Arms, Hatch Warren Lane, Hatch Warren, Basingstoke, RG22 4RA

Description
The property comprises the ground and first floors of a two storey detached building with painted rendered elevation and exposed wooden beams, with a substantial thatched roof (re-thatched in 2024).

Location
The Portsmouth Arms is located just south of Basingstoke town centre, it provides a convenient spot for both local residents and visitors frequenting the area. The pub is situated off Hatch Warren Lane which meets with Cliddesden Lane.

Located approximately 1.5 miles (2.4 km) from Basingstoke town centre, the Portsmouth Arms benefits from easy access to local amenities and transport links. It is around 18 miles (29 km) from Reading, 20 miles (32 km) from Winchester, and roughly 45 miles (72 km) southwest of central London, making it well placed for those travelling within the South East. Its proximity to the M3 motorway further enhances accessibility for visitors coming from nearby towns and cities.

Tenure
The property is available to let on a new institutional FRI lease at a term to be agreed. The freehold may be available with freehold offers considered.

The Business
The business is a food led family friendly public house which appeals to a large target market and is particularly busy at weekends and in the summer months. We do not hold any accounting information.

Planning
The property is not listed nor situated in a conservation area. The property benefits from sui-generis Public House consent.

VAT
VAT is applicable at the prevailing rate.

EPC
An EPC has been commissioned and will be provided upon request.

Terms
We are seeking offers with a rental guide of £90,000 per annum for the benefit of a new FRI lease, with terms to be agreed. Offers in the order of £1.25m may be considered for the freehold interest.

Potential Residential Scheme
The area of car parking to the west (delineated in blue on the promap earlier), extending 0.351 acres (0.142 hectares) which is subject to a planning application (Ref 24/03020/FUL) for a residential scheme is potentially available by separate negotiation.

Fixtures & 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.

Viewings
All viewings must be made by prior appointment. For further information and all viewing requests please contact the sole selling agents Savills.