Description
The property is an 18 Century Grade II Listed building which has been extended over time. The building is arranged over two storeys with elevations which are brick constructed, painted on ground floor, tile hung on 1st floor under a plain tile roof with toothed ridge tiles.

The property comprises a ground floor restaurant and first floor offices. The first floor offices have been sold on a long leasehold basis.

The ground floor restaurant is accessed directly from Southampton Road or from an alternative side entrance. The main trading area can accommodate around 80 covers. The ground floor is laid out to include a central bar servery, male, female and accessible WC facilities and a trade kitchen. To the rear is a manager’s office, staff WC and ancillary storeroom.

Externally, there is a trade courtyard to the rear of the restaurant that can accommodate seating for approximately 16 customers.

Licensing
The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the establishment is permitted to sell alcohol Monday to Sunday 12:00-01:00. Other licensable activities are permitted.

Tenure
Freehold subject to the occupational lease.

Tenancy
- Tenant - New Forest Venue Limited (No. 13350160)
- Term - Fifteen years
- Commencing Date of the lease - 2021
- Current Rent of £52,000 pa
- Rent Reviews - 5 yearly

Covenant
We have made brief status enquiries of the tenant company, New Forest Venture Ltd. The company has an Incans equivalent Bond rating of ‘B+’.

Planning
The property is Grade II Listed, and is it located within a conservation area. The local authority is New Forest District Council.

We understand the property currently benefits from Class E use having been most recently used as a restaurant.

Rating
The subject property is on the 2023 Rating List, with a Rateable Value of £33,750. Please check www.voa.gov.uk for up-to-date information on rates payable.

Price
Offers in excess of £450,000, representing a 11.06% NIY are invited for the freehold investment.

EPC
The property has an EPC and will be provided to interested parties upon request.

Viewings
Viewings can be made by appointment with Savills.