Victoria & Albert

Tenure
Leasehold
Rent (per annum)
£ 27,500
Description
A detached public house in the small village of Netherhampton. A 17th century, stone built thatched building, the property is well located for the tourist attractions of Salisbury including Stonehenge The building has lots of character and would be a good opportunity for an operator to start a new business. The property is available for sale freehold or leasehold

Location
Located on the north side of Parish Road in Netherhampton this small village is approximately 3 miles west of Salisbury and is situated between the A 356 which runs south to Blandford Forum and the A 36 which runs north west to Warminster Salisbury is easily accessible and other attractions such as Stonehenge are also nearby

Arrangement
The property measures approximately 2 210 sqf (GIA floor area) on a site area of 0 4 acres

Internally, the premises has a principal trade area with a servery and a smaller side room which provides access out into the trade garden A large feature fireplace separates
the two rooms The single storey extensions to the rear contain the commercial kitchen and large above ground cellar

At first floor, the manager’s accommodation provides either two bedrooms with a lounge or three bedrooms depending on the preferred arrangement A single bathroom serves the first floor

Externally, the customer car park is located to the front, with space for approximately 4 vehicles At the rear, a large trade garden laid to lawn can be found There is also a patio with a timber smoking solution and small outbuilding

SALES INFORMATION
Licensing
Licensed to supply alcohol from 11 00 23 00 Monday Saturday and from 12 00 22 30 on
Sunday Opening hours are as above plus 30 minutes

Rates
The property is in an area administered by Wiltshire Council The Rateable Value has been assessed at 12 000

Trade
The property is currently closed and is sold with vacant possession As a result, no trade is warranted or sold

Planning
The property is Grade II listed and has a Sui Generis public house use The property may be suitable for alternative uses including community uses subject to obtaining the necessary planning and listed building consents

Services
We believe all of the main services to be located within the vicinity of the site, however
prospective purchasers should speak with the relevant utility companies to confirm the types of connection

VAT
VAT will be applicable at the standard rate for commercial properties

Overage
The vendors will seek an overage payment should a purchaser obtain a change of use to residentialat a later date The overage will apply for 25 years from the date of the grant of any planning permission and the owner and seller will share equally in any uplift in the market value

Tenure
Thefreehold or leasehold is available

Thefreehold is being sold with vacant possession Alternatively, a new, fully repairing and insuring, free of tie 20 year lease from Wellington Pub Company is offered, with a guide rent of 27 500 pax Rent will be RPI linked annually together with 5 yearly, upward only rent reviews

Rent will be paid quarterly in advance via direct debit A minimum of a six month rental deposit sum equivalent to VAT) will be required

Legals
The Vendor has never occupied nor traded from the Property which forms part of the Seller's large tenanted estate The Vendor does not therefore provide replies to CPSEs or other similar standard pre contract enquiries The Vendor will endeavour to provide its standard replies to enquiries and replies to specific enquiries relevant to the Property or the transaction

Freehold Purchase
Each party is to be responsible for their own costs incurred in this transaction

The Purchaser will be required to pay an abortive legal fee deposit of 5 000 00 (to be held by the Seller's solicitor) prior to the release of the legal package

•The Purchaser will have 15 working days from the date the legal package is released from the Seller's solicitor to the Purchaser's solicitor to exchange contracts If the Purchaser exchanges contracts within such period, the abortive fee deposit will be credited against the purchase price If the Purchaser withdraws from the transaction or contracts are not exchanged within such period the abortive legal fee will be forfeited
•The Seller will undertake to provide timely responses to the Purchasers enquiries and
comments to facilitate their ability to exchange contracts within the required time The
deposit will be refunded if the Seller is unable show good title or withdraws from negoti
ations within the required time (save where due to the Seller revising the agreed terms) If exchange shall not occur within the required time, the Seller shall be free to withdraw from the transaction and retain the abortive legal fee deposit
•Upon exchange of contracts the Purchaser will pay a further deposit of 10 of the total
purchase price
• Completion to be 15 working days thereafter

Lease Purchase
Inl ine with normal practice, a contribution of 1 500 (plus VAT) towards the lessors legal fees will be required to be paid by the incoming lessee

Viewings
Strictly by appointment and accompanied by the vendor's agents
Information Pack
An information pack with additional detail is available upon request
Lessee applicants are requested to complete a standard application form, provide a business plan, cash flow forecast and evidence of funding prior to interview Please contact us for a lease application pack
 
Country
England
County
Wiltshire
Address
Parish Road, Netherhampton
Post Code
SP2 8PU
Under Offer
No
Reference Number
RF175123
  • 588 Views
We were unable to find the requested address (England, Wiltshire, Parish Road, Netherhampton, SP2 8PU) via Google street view due to Google street view doesn’t have data for this address.
Sign in
Username
Password
Forgot your password? Remind