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Licensed Leisure Old House Hotel

� Attractive period boutique hotel and restaurant

� 12-guest rooms within main building and annexe

� 50+ seat restaurant with additional bar areas

� Prominent location in market town in Meon Valley

� Garden and private parking

� Grade II* listed property

The Square, Wickham, Hampshire PO17 5JG

Leasehold Premium £175,000

Savills Southampton2 Charlotte PlaceSouthampton SO14 0TB

+44 (0) 23 8071 3900

LocationThe Old House Hotel is located in the village of Wickham on the edge of the South Downs National Park. The property fronts The Square which is the main leisure and retail pitch within the village and connects with Winchester Road (A3324).

Bishops Waltham is 4.5 miles (7.2 kms) to the north, Waterlooville is 9.5 miles (15.3 kms) to the east and Fareham is 3.6 miles (5.8 kms) to the south.

Regular public transport communications are available to London Waterloo from Fareham Station with bus routes connecting Wickham to Fareham Train Station. The total journey time from Wickham village centre to London Waterloo is approximately 2 hours and 35 minutes.

Food and beverage operators in Wickham include Greens Restaurant & Bar, Kuti’s of Wickham, The King’s Head, Lilly’s, Veranda Wickham and Wickham Coffee House.

External DescriptionThe Old House Hotel is a detached brick built property of three storeys from street level with three, two and single storey extensions to the rear, including most recently a

conservatory overlooking the garden. The property is under a variety of pitched tile roof designs. We understand parts of the property are Grade II* listed.

Internal DescriptionThe Old House Hotel is configured to provide food and beverage and ancillary space on the ground floor and bed and breakfast or hotel accommodation on the upper floors and detached annexe.

The ground floor comprises a bar servery and private events room to the front, a middle section with breakfast room, second bar servery and customer WCs and conservatory restaurant and kitchen facilities to the rear.

Ancillary space includes a first floor manager’s office which could be converted to a bedroom with additional bathroom and a second floor en-suite staff bedroom. The basement area provides cellar and some storage.

Letting AccommodationThere are a total of 12 letting bedrooms all of which are furnished to a high standard with 7 located in the main hotel building with en-suite facilities. The other 4 rooms are located in the self-contained garden suites to the rear of the property.

According to plans provided, we understand the property extend to the following Gross Internal Areas: Area Sq Ft Sq M

Ground Floor 2,805 260

First Floor 1,683 156

Second Floor 1,094 101

Basement 382 35

Annexe 1,477 137

Total 7,441 689

The BusinessThe Old House Hotel (also known as B+B Wickham) is run under management. Historic trade splits have been in the region 56% food and beverage and 43% room income. The business benefits from various income streams including weddings, events and conferences.

RatingThe subject property is listed in the 2017 Rating List with a rateable value of £67,000. The National Multiplier for England and Wales in 2017/2018 is £0.479.

PlanningWe are advised that the property is Grade II* Listed. The property is situated within the Wickham Market Conservation Area. We understand the property has the benefit of C1 (Hotel) and A3 (Restaurant), however we recommend interested parties satisfy themselves on this point.

Premises LicenceThe property has a Premises Licence which permits various activities including the sale of alcohol; Saturday – Monday 10:00 to 23:00 and 12:00 - 23:30 on Sunday.

Lease Information The property is held on a lease for a term commencing 31 Jan 2013 and expiring 10 June 2032. We understand the passing rent is £100,000 per annum exclusive and that the next rent reviews are in 2020, 2025 and 2030. A reversionary lease commences June 2033 expiring 2039.

PriceA premium of £175,000 is sought

Fixtures & FittingsWe understand that all fixtures and fittings owned outright by our client will be included as part of the sale price (excludes stock at valuation).

ServicesThe main services are provided.

Energy Performance CertificateThe property is listed but still has an EPC with a rating of D-94.

ViewingFor formal viewings, strictly by appointment only with Savills.

Important Notice

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | February 2018

ContactChris Bickle +44 (0) 7807 999 504 CBickle@savills.com

Piers Cook +44 (0) 7967 555 507 PCook@savills.com

NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.