Woolpack Inn, Sopley, Christchurch, BH23 7AX

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold public house investment • Entire property let to The Woolpack Inn (Sopley) Limited • Property arranged over two levels: ground and first floors extending to 4,158 Sq Ft (386 Sq M) • Current rent of £96,180 per annum • The rent is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 4% (except in the open market review year) • We are instructed to invite offers in excess of £1,200,000 (7.57% NIY) • Site extending to 0.630 acres • Lease expires December 2041 • Business unaffected by sale • Recent tenant investment

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Savills, Mountbatten House,1 Grosvenor Square Southampton SO15 2BZ

Full Description: DescriptionThe property comprises the ground and first floor of a two storey detached building with painted brick elevations beneath a part thatched and part pitched roof.LocationLocated in the village of Sopley in the county of Dorset, 2.9 miles (4.6 kilometres) north of Christchurch, 7.5 miles (12.0 kilometres) north east of Bournemouth and 27.6 miles (44.2 kilometres) south west of Southampton.The Woolpack Inn is situated fronting Ringwood Road in a predominantly residential and rural area. Nearby occupiers includes the Fisherman's Haunt, the Avon Causeway (Butcombe Brewery) and the New Queen Inn.AccommodationGround Floor: The ground floor provides an open plan trading area with an L-shaped bar servery and seating on loose tables, chairs and bench seating for 84 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.First Floor: The first floor comprises part of the manager’s flat, including three bedrooms, lounge, kitchen and bathroom.Externally: There is seating on wooden benches for 120 customers and parking to the rear for 35 vehicles. An external barn is used for storage.TenureThe property is held freehold (Title Numbers HP598465 & HP256447).TenancyThe entire property is let to The Woolpack Inn (Sopley) Limited on a 20 year lease from 8 December 2021 at a current rent of £96,180 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 4% (except in the open market review year). A rent deposit of £22,645 is held by the landlord.PlanningThe property is Grade II Listed and is situated within the Sopley Conservation Area.VATIt 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.EPCB - 40TermsWe are instructed to invite offers in excess of £1,200,000 (7.57% NIY) assuming the usual purchasers costs.Fixtures and FittingsThe fixtures and fittings are currently owned by the occupational tenant.Money LaunderingMoney Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.Similar Investment OpportunitiesIf you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing: ViewingsAll 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.Energy Performance CertificatesEPC