B+B Wickham The Old House, The Square, Wickham, Hampshire PO17 5JG.

Size: px

Start display at page:

Download "B+B Wickham The Old House, The Square, Wickham, Hampshire PO17 5JG."

Shon Hall
5 years ago
Views:

1 F O R S A L E B+B Wickham The Old House, The Square, Wickham, Hampshire PO17 5JG. Grade II Listed boutique hotel and restaurant 8 Individual guest bedrooms in the main house 4 suite bedrooms in the garden annex 2 Staff bedrooms (1 en-suite) La Bocca Italian Restaurant (50 Covers) Prominent market square location

storey period property located in the historic market town of Wickham in Hampshire.

2 Location Wickham is located in the heart of Hampshire, between the M3 at Eastleigh and the A3 at Petersfield. n 3 miles north of Fareham n 10 miles north of Portsmouth n 17 miles south east of Winchester Overview B+B Wickham formerly The Old House Hotel is an attractive part Grade II Listed Georgian three storey period property located in the historic market town of Wickham in Hampshire. The hotel is situated overlooking the town s historic medieval Market Square, a designated conservation area, and is believed to have been constructed in 1707, with the more recent modern self-contained Garden Suites with en suite wet rooms to the rear of the property, constructed in Roads A334, A32, M27 (Junction 10) Rail Fareham (direct to London Waterloo, Brighton and Gatwick airport) Air Southampton The hotel is situated in a prominent position on the south side of the square which is at the heart of this historic and picturesque town of Wickham, which is surrounded by the picturesque Meon Valley countryside and benefits from being within easy reach of the historic cities of Winchester and Portsmouth.

First Floor 5x double en-suite bedrooms 1x single bedroom, private bathroom Ancillary Areas n Large commercial catering kitchen n Wash up area Accommodation The hotel offers a combination of fine

The lounge bar, La Bocca Italian Restaurant, conservatory and Private Dining Room are all situated on the ground floor, whilst the bedrooms are situated on the first and second floors of the main

4 First Floor 5x double en-suite bedrooms 1x single bedroom, private bathroom Ancillary Areas n Large commercial catering kitchen n Wash up area Accommodation The hotel offers a combination of fine period features and contemporary rooms. The lounge bar, La Bocca Italian Restaurant, conservatory and Private Dining Room are all situated on the ground floor, whilst the bedrooms are situated on the first and second floors of the main house and rear annex, all with individually styled bathrooms. Letting Accommodation There are a total of 8 individually wellfurnished letting bedrooms within the main hotel, 7 of which have en suite facilities. The remaining bedroom has a private bathroom. These are situated on the first and second floors, with 4 more recently built, modern self-contained Garden Suites in an annex to the rear of the property. The bedrooms within the main house can be accessed via stairs to all floors. Second Floor 1x double en-suite bedrooms 1x twin en-suite bedroom Garden suites 4X double en-suite bedrooms All bedrooms are equipped with colour TV together with tea and coffee making facilities, hair dryer, direct dial telephone and WiFi facilities for guests. Public Areas n Ground floor reception desk and hotel bar n Private dining room n First floor Managers office or bedroom with separate bathroom n Second floor en suite staff bedroom This could be could be utilised as additional letting accommodation n Cellar with beer lines into bar External Areas The private hotel gardens are located to the rear of the hotel, suitable for a number of functions, weddings and private parties. Hard surface parking is provided via vehicle access to the side of the hotel. n Residents Lounge and bar n Conservatory restaurant overlooking the gardens n Ladies, Gents WCs

6 The Business The business is currently run under management by Inntelligence and benefits from a solid trading history and a good range of income streams, under the B+B brand. Trading Information The net turnover for the business for the 12 months up to 31/07/2016 was in the order of 501,656. Whilst the net turnover for the 5 months up to 31/07/2015 was 224,540 Of the total income: 43% was attributable to room income: 56% was attributable food and beverage sales. Further detailed trading information including historic annual figures, forecast financial and other pertinent information will be made available to serious interested parties upon completion and signature of a Non-Disclosure Agreement (NDA). The business is currently Fixtures & Fittings We are advised that all fixtures, fittings and other items associated with the running of the business are owned outright and other than any items badged specifically linked to the current operator will be included within the disposal. Licences The property has a premises Licence granted by the relevant local authority. It is a requirement of the Licensing Act 2003 that properties serving alcohol have a designated premises supervisor who must be the holder of a personal licence. Prospective purchasers are advised to take specialist advice. Services We understand that all mains services are connected (untested). Fire Risk Assessment We have assumed that a suitable and sufficient Fire Risk Assessment has been carried out. Under the Regulatory Reform (Fire Safety Order 2005) this assessment needs to be recorded in writing where there are five or more employees. Planning We understand that the property has a valid consent for its current use; however we would advise interested parties to make their own enquiries of the Local Planning Authority in this regard.

Tenure Details Existing Lease: Fully Repairing and Insuring Commencement: 31st January 2013 Expiry: 10th June 2032 Business Rates Winchester City Council, Rateable Value of 40,000 2016/17 UBR 0.

466p in the with an additional small business rate supplement of 0.

7 Tenure Details Existing Lease: Fully Repairing and Insuring Commencement: 31st January 2013 Expiry: 10th June 2032 Business Rates Winchester City Council, Rateable Value of 40, /17 UBR 0.484p in the with an additional small business rate supplement of p in the Actual rates payable = 19,880 Draft 2017 rateable value of 76,000 *2017/18 UBR 0.466p in the with an additional small business rate supplement of p in the Actual rates payable 36,404 *UBR and Small Local Poundage Rate are based on assumptions and although these have been released they are potentially subject to changes. Deed of Variation Tenant named as B&B Wickham Ltd Commencement: 4th March 2015 Expiry: 10th June st year s rent 85,000 2nd year s rent 95,000 3rd to 5th year rent 100,000 per annum Rent reviews 4th March 2020, 2025, 2030 Reversionary Lease Commencement: 11th June 2032 Expiry: 10th June 2039 Initial Rent = rent payable in final year of existing lease Asking Price We are inviting offers in the region of 275,000 for the leasehold interest in the hotel, which is to be sold as a going concern asset and business sale. Stock In Trade Stock in trade is to be purchased at cost in addition to the sale price on the day of completion.

7 Southampton Hamble 8 Lower Swanwick A27 A334 A3051 Curbridge Whiteley 9 Titchfield M27 A334 A334 Fareham A32 B+B Wickham Wickham 10 11 Gosport B2177 A27 M27 Port Solent Portsmouth 12 M275 B2150 A27

lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute,

8 7 Southampton Hamble 8 Lower Swanwick A27 A334 A3051 Curbridge Whiteley 9 Titchfield M27 A334 A334 Fareham A32 B+B Wickham Wickham Gosport B2177 A27 M27 Port Solent Portsmouth 12 M275 B2150 A27 A3 Havant Disclaimer GVA is the trading name of GVA Grimley Limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only. These particulars were produced in February The photographs used were taken at various times and may not accurately reflect the condition and appearance of the property now. Legal Costs and VAT Contact Unless otherwise agreed, each party is to bear their own legal costs in this transaction. If applicable, VAT will be in addition to the purchase price. Energy Performance Certificate An Energy Performance Certificate will be made available upon request. Viewing Arrangements Strictly by appointment, through the vendor s sole agent. Under no circumstances should any party make a direct approach to the business or the staff at the hotel. In the first instance all enquiries or to arrange a formal inspection, please contact the vendor s agent GVA, who is appointed by the vendor with sole selling rights. /11574 GVA 65 Gresham St London EC2V 7NQ David Creamore Director Retail, Hotels and Leisure david.creamore@gva.co.uk

THE LODGE AT WINCHELSEA, EAST SUSSEX TN36 4AD FREEHOLD HOTEL FOR SALE

THE LODGE AT WINCHELSEA, EAST SUSSEX TN36 4AD FREEHOLD HOTEL FOR SALE SUMMARY The Hotel is prominently located alongside the A259 Hastings to Rye Road in the historic county of East Sussex, Prominent roadside