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Foresters Arms, 10 Brookley Road, Brockenhurst, SO42 7RR

Offers in Excess of
£1,100,000

£129.50 per sq ft

Business rates & charges may apply

Savills, Southampton - Licensed Leisure
SIZE AVAILABLE

8,494 sq ft

789 sq m

SECTOR

Commercial property for sale

Key features

  • Freehold public house investment
  • Entire property let to FAPCO Ltd
  • Property arranged over two levels: ground and first floors
  • Current rent of £70,229 per annum
  • The rent is subject to annual RPI increases with a collar 2% and a cap of 5%
  • We are instructed to invite offers in excess of £1,100,000 (6.03% NIY)
  • Site extending to 0.195 acres
  • Lease expires August 2042
  • Business unaffected by sale

Description

Description
The property comprises the ground and first floor of a two storey detached property with brick elevations beneath a pitched and hipped roof.

Location
Located in the village of Brockenhurst in the county of Hampshire, 13.3 miles(21.2kilometres) south west of Southampton and 18.1 miles (29.0 kilometres) east of Bournemouth.

The Foresters Arms is situated fronting Brookley Road within a mixed residential and commercial area. Nearby occupiers include the Huntsman (Young's), the Snakecatcher and a number of independent retailers. Brockenhurst train station is located 300m to the south.

Accommodation
Ground Floor: The ground floor provides open plan trading area with a central U-shaped bar servery and seating on loose tables, chairs, and bench seating for 35 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.

First Floor: The first floor comprises managers accommodation with two bedrooms, a living room and a bathroom.

Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 60 customers. There is no parking.

Tenure
The property is held freehold (Title Number HP601573).

Tenancy
The entire property is let to FAPCO Ltd on a 20 year lease from 4 August 2022 at a current rent of £70,229 per annum which is subject to annual RPI increases with a collar 2% and a cap of 5%. A rent deposit of £11,800 is held by the landlord.

Planning
The property is Grade II Listed and is situated within the Brockenhurst Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
C-51

Terms
We are instructed to invite offers in excess of £1,100,000 (6.03% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational 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 and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.

Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:

Energy Performance Certificates

EPC

Brochures

Foresters Arms, 10 Brookley Road, Brockenhurst, SO42 7RR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Brockenhurst Station0.2 miles
  • Sway Station2.8 miles
  • Beaulieu Road Station3.9 miles

About Savills, Southampton - Licensed Leisure

Savills, Mountbatten House,1 Grosvenor Square Southampton SO15 2BZ

Notes

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Disclaimer - Property reference 287651-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Southampton - Licensed Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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