The Mill Arms, Barley Hill, Dunbridge, Nr. Romsey, Hampshire SO51 0LF

LOCATION

The village of Dunbridge is found in the beautiful Test Valley and is on the River Dun, attribute of the River Test.

The town of Romsey is around 3.5 miles away and the village dates back to the Domesday Book.

The Mill Arms overlooks the Mottisfont and Dunbridge Railway Station and is half a mile from Mottisfont Abbey, a National Trust property, and is an ideal base for those wanting to tour the New Forest as well as many other country activities.

THE BUSINESS PREMISES

Have been completely refurbished at a considerable cost.

Lounge Bar and Dining Area
Seats around 40 with comfortable sofas, stripped wooden floors and other quality furnishings.

Public Bar
Seats around 20 with great quality fixtures and fittings.

Conservatory Restaurant
Seats around 24 and is extremely well fitted.

Function Room
Seats up to 120 and has its own separate Bar Servery and separate entrance. This room has two removable skittle alleys.

Catering Kitchen
Extremely well fitted with a full range of high-quality trade equipment.

Second Kitchen
Also fully fitted.

Walk-In Cold Room

Cellar

Two Sets of Ladies and Gents WCs

Disabled WC

LETTING ACCOMMODATION

Has its own separate entrance and have all been refurbished.

The letting rooms are of a very high quality and all have en-suite bathrooms.

The bedrooms are configured as:

One family room
One twin room
Four double rooms

OWNER'S / MANAGER'S HOME

Has also been completely refurbished and comprises a:

Lounge
Fitted kitchen
Fitted family bathroom
Master bedroom with en-suite
Two double bedrooms

OUTSIDE

There are terraced trade gardens with seating for around 60 having lovely country views.

CAR PARK

There are 2 car parks with parking for around 50.

THE BUSINESS

Our client has invested significant sums in upgrading and improving this property.

For year ending April 2024, turnover net of VAT was in sum of £551,000 and is on track to exceed this turnover in this financial year.

There is great scope to improve trade which has been restricted due to ill health. Letting occupancy is currently only 20% so there is great potential in this respect.

Our view is that this is a business capable of trading at a much higher level. We are unable to warrant these comments.

TENURE

The property is subject to a 10-year commercial lease, fully renewable under the Terms of the 1954 Landlord and Tenant Act.

Annual rent is £83,556 paid quarterly in advance. The landlords will also require a rent deposit.

Rateable Value
Current rateable value (1 April 2023 to present) £17,000.