Available
Sturminster Newton – Public House with Letting Accommodation
White Hart Hotel, Market Cross, Sturminster Newton DT10 1ANFreehold Public House with Letting Accommodation Investment
Price
£380,000
Rent P.A.
£27,300
Yield
7.18%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
1y 5m
Area
4,898 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor public house with first and second floor 6-bed letting accommodation
- Prominent position in the centre of the market town of Sturminster Newton
- Occupiers nearby include Lloyds Bank, Swan Inn, amongst other local traders
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Substantial L-shaped building comprising a ground floor public house with main bar and dining areas, beer cellar and range of stores to the rear. The ground floor also includes ladies’ and gents’ cloakrooms with WCs. The first floor consists of club room/skittle alley with bar, cloakroom with WC, bathroom with no WC and six bedrooms. The second floor has two rooms.
Ground Floor: Open plan bar & restaurant, store, kitchen
First Floor: Function room, 6 bedrooms, bathroom,
Second Floor: 2 ancillary rooms
Total GIA: 455 sq m (4,898 sq ft)
Ground Floor: Open plan bar & restaurant, store, kitchen
First Floor: Function room, 6 bedrooms, bathroom,
Second Floor: 2 ancillary rooms
Total GIA: 455 sq m (4,898 sq ft)
Tenancy Description
The property is at present let to WH Hotel Ltd (with personal guarantee) for a term of 6 Years and 11 Months from 6th September 2019 at a current rent of £27,300 p.a. and the lease contains full repairing and insuring covenants. Rent review from 2024 outstanding. Tenant break option in 2022 NOT exercised. Deposit held £4,550.
Tenancies & Accommodation
Location Description
Sturminster Newton is a town in the Blackmore Vale area of Dorset, England. It is situated on a low limestone ridge in a meander of the River Stour. The property occupies a dominant position in the centre of the market town of Sturminster Newton, in the beautiful Blackmore Vale.
