Skip to content

The Crown Inn, Romsey Road, Kings Somborne, Stockbridge, SO20 6PW

Offers in Excess of
£475,000

£48.46 per sq. ft.

Business rates & charges may apply

Savills, Southampton - Licensed Leisure
SIZE AVAILABLE
9,801 sq. ft.
(911 sq. m.)
SECTOR
Pub for sale

Key features

  • Freehold public house investment
  • Let to T Minter & J Evans LLP
  • Current rent £36,000 per annum
  • Lease without break, expiring in October 2028 giving an unexpired term of approximately 9 years
  • Business unaffected by sale
  • Site area of approximately 0.225 acres (0.091 ha)
  • We are seeking offers in excess of £475,000 (7.25% NIY)

Property description

Tenure: Freehold

Description
The property was built in 1753 and comprises a Grade II Listed, two storey semi-detached building, with single storey extension to the left elevation. The Crown Inn has painted and rendered mock Tudor elevations beneath a thatched roof.

Externally there is a beer garden to the side with seating for approximately 30 customers. There are some additional picnic benches provided to the front of the property also. The car park to the left of the pub, provides parking for approximately 13 vehicles.

Location
The property is located in the village of King Somborne, Hampshire, 12.2 kilometres (7.6 miles) west of Winchester, 21.5 kilometres (13.4 miles) east of Salisbury, and 14.7 kilometres (9.1 miles) south of Andover.

The Crown Inn is situated in the village of Kings Somborne fronting Romsey Road which provides access to neighbouring villages. The property is located in a semi-rural residential area with local facilities including Kings Somborne Parish Church, Kings Somborne Village Hall and Kings Somborne CofE Primary School.

Specifications
Internally the public house is cosy in its layout with a number of interconnecting trade rooms. The right hand side of the pub features the bar servery and public bar area. To more formal dining areas are located to the left. WC’s are also provided adjacent to this area. The kitchen and cellar are positioned at the rear of the ground floor. The first floor comprises of an office/lounge, 3 bedrooms and a bathroom.

Accomodation
Internally the public house is cosy in its layout with a number of interconnecting trade rooms. The right hand side of the pub features the bar servery and public bar area. Two more formal dining areas are located to the left. WC’s are also provided adjacent to this area. The kitchen and cellar are positioned at the rear of the ground floor. The first floor comprises of an office/lounge, 3 bedrooms and a bathroom.

EPC
An EPC is in the course of preparation.

Planning
Our initial enquiries of the local authority have revealed that the property is Grade II listed and located within the Kings Somborne Conservation Area.

Tenure & Tenancy
The entire property is let on a 10 year full repairing and insuring lease to T Minter & J Evans LLP (Company Number OC320959) expiring 18th October 2028 at a current rent of £36,000 per annum, subject annual RPI indexation and upwards only 5 yearly open market reviews. The lease is free of trading ties.

Covenant
The tenant has been in occupation for in excess of 11 years and can therefore be considered a well-established independent operator with a successful and sustainable business.

The Market
Investor appetite for public house investments throughout the United Kingdom has increased in recent years particularly where opportunities are let to strong covenants in affluent towns and cities with guaranteed rental growth. The continued strong operational performance across the public house sector, which has outperformed the more traditional asset classes in recent times, has provided further certainty to investors as to the security of their income.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT.

Terms
We are instructed to invite offers in excess of £475,000 (7.25% NIY) assuming purchaser's costs of 5.05%. The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.

Brochures

The Crown Inn, Romsey Road, Kings Somborne, Stockbridge, SO20 6PW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Mottisfont & Dunbridge Station4.0 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 23197-1. 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.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.