-
Location and Language SelectionUnited Kingdom
Location
-
Site Search:
- My Account
- Property details
- Contact an agent
River RatHigh Street, Hamble, Southampton, SO31 4HA
- New
- Freehold
Key features
- Attractive village centre Restaurant Investment
- Affluent and popular south coast location
- Successfully run business with solid reputation locally.
- Property arranged over two levels extending 1,587ft2 (147m²)
- Extensive trade garden with covered outbuildings for additional trading
- Producing a net income of £31,920 per annum
- Guide price of £475,000, reflecting a 6.43% NIY
Freehold Restaurant Investment For Sale
About this property
Description
The River Rat, Hamble is a semi-detached, two storey building, constructed with exposed brick elevations beneath a multi pitched clay and slate tile roof. Windows are mixed framed.
Planning
The site falls under E-class use. It is not listed, but is listed within a conservation area.
Tenure
The property is held on titles as follows:- HP48165; HP597227; HP481921; HP349392.
Tenancy
We understand the property is currently occupied. There is a lease in place with Dogbox Properties Limited. The lease has a 10 year term from 22 September 2024. The rent is £31,920 per annum and there is a rent review on 22 September 2029. The lease also contains a break clause at each anniversary for the first 5 years.
EPC
C 56
Terms
Offers in the region of £475,000 for the freehold interest subject to the existing tenancy are invited.
VAT
It is anticipated that the sale will be treated as a TOGC and therefore VAT will be waivered.
Fixtures & Fittings
The property will be sold in its current condition. The fixtures and fittings are excluded as these are the ownership of the current 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.
Local information
- Hamble-le-Rice is a village and civil parish in the borough of Eastleigh, approximately 6.4 miles (10.3 kilometres) south-east of Southampton city centre and 86 miles (138 kilometres) south of London.
- The property is prominently positioned close to where the High Street meets The Square. The village is popular with tourists and due to its location on the River Hamble and nearby marinas, the village is popular with yacht and boat enthusiasts. The village also benefits from a popular restaurant and bar circuit and is particularly busy during the summer months. Major employers in the area include BP Oil UK, CopperVision and GE Aviation as well as industry and services within the four marinas located off Ensign Way.
- Hamble has one main access road, the B3397 (Hamble Lane), which runs straight through the village. The B3397 (Hamble Lane) joins with the A27 and M27 connecting the village to Winchester to the north, Portsmouth to the east and Southampton to the west. The village is served by Hamble Railway Station which provides services to Southampton Central and Portsmouth Harbour. These run once per hour in each direction. There is also a ferry service linking the village to Warsash as well as a bus service linking the area to Southampton and Eastleigh.
Energy performance
C (56)
Available space
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Building | 1,587 | 147.44 | Available |