Leisure for sale - Leckford Hutt, London Road, Stockbridge, SO20 6DE

<strong>Description</strong><br>A detached two storey public house above street level of brick construction under a pitched tile and slate roof. There is a good sized single storey extension under a pitched slate roof to the rear, with smaller extensions to the side. Within the plot is a detached timber frame annexe accommodation building under a pitched slate roof. The property benefits from a mature landscaped private garden and car park within a plot of approximately 0.426 acres (0.172 hectares).<br><br><strong>Terms</strong><br>Freehold Title HP706061.<br /> The freehold guide price has been reduced to £700,000 for the benefit of the freehold title. <br /> The vendors are in the process of agreeing a 5 year lease on the main Leckford Hutt property at a monthly rent of £3,000 (no VAT) increasing to £3,500 after the first year - the property will be operated as a hospitality venue; <br /> • Leased area to include main building only, car park and gardens; <br /> • In addition, a separate lease will be granted on one of the annexe outbuildings at £800 per month including utilities; <br /> • The lease will contain a mutual lease break on 1 February 2028 and 2030; <br /> • A security deposit is to be held for the duration of the lease.<br><br><strong>Planning & Conservation</strong><br>The property is not in a flood zone, not in Green Belt or AONB. The property is Grade II Listed (ref 1093218). We understand the established use of the property is as a public house/restaurant/hospitality venue, but is listed on the VOA 2023 Rateable Value register as "function room and premises." The property is currently used a private dwelling and hospitality/accommodation venue. We recommend parties make enquiries under the Town and Country Planning (Use Classes) Order 1987 (as amended).<br><br><strong>Accommodation</strong><br>We anticipate that the main building will be held under the new proposed lease agreement so no vacant possession available. <br /> The ground floor is configured as a character dining venue with original features and has five distinct areas which are currently configured as living accommodation. The areas provide lounge, reception, study, formal WCs, trade/private kitchen and a garden-facing living room. <br /> The first floor provides up to four bedroom spaces, but has three is current use. <br /> A basement cellar is provided.<br><br><strong>Letting Rooms & Events Business</strong><br>The Leckford Courtyard previously acted as the owner's business space, advertised as a secluded outdoor space for parties, picnics, reunions and a variety of other functions with all modern amenities. <br /> The property benefits from two self-contained living spaces with en-suite bedroom and open plan reception and kitchen, all finished to a high standard. We understand one unit will be leased by the proposed tenant at £800 pcm and the other will be sold with vacant possession.<br><br><strong>External Areas</strong><br>Within the 0.426 acre plot is a private landscaped garden and courtyard which which is accessible directly from the main property and annexe. Located to the right side is a gravel car-park for approximately 12 vehicles. The courtyard also benefits from a separate gated entrance and parking.<br><br><strong>Services</strong><br>Electricity: Mains.<br /> Gas: LPG. <br /> Water: Bore hole (serviced annually). <br /> Waste water/sewerage: 2 x septic tanks.<br /> Household Waste: Private collection.<br><br><strong>Premises Licence</strong><br>The property benefits from a licence PREM/05/0071 [permitting the sale of alcohol every day 09.00 - 00.00.<br><br><strong>VAT</strong><br>We understand that VAT should not be applicable to the purchase price, however, please contact Savills to discuss.<br><br>