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More details for Romsey Rd, Stockbridge - Retail for Sale

The Crown Inn - Romsey Rd

Stockbridge, SO20 6PW

Retail for Sale
£400,000
3,795 sq ft

Security System

Stockbridge Retail for Sale - Test Valley

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. Freehold public house investment for sale, currently let on a lease expiring in 2028 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. Freehold public house investment Let to T Minter & J Evans LLP Current rent £45,627 per annum Lease without break, expiring in October 2028 giving an unexpired term of approximately 3 years RPI index linked increases Business unaffected by sale Site area of approximately 0.225 acres (0.091 ha) We are seeking offers in the order of £400,000 (10.95% NIY) 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. 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. The property is held freehold. 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 £45,627 per annum, subject annual RPI indexation and upwards only 5 yearly open market reviews. The lease is free of trading ties.