Leisure and hospitality specialist Sidney Phillips has announced the sale of The Milbury’s in Beauworth, Hampshire.
The Milbury’s is nestled in the South Downs National Park. The area is a popular destination for cyclists and walkers as well as tourists to Marwell Zoo, Hinton Ampner and the city of Winchester.
The property is one of the area’s most iconic, being a sizeable character Grade II Listed pub benefiting from a highly visible position a crossroads along South Downs Way. The pub is understood to date back to the mid-eighteenth century, retaining much charm and many original features, considered a truly quintessential British country pub.
The property offers 120 covers across a character bar area, restaurant, skittles alley and function room. With five bedrooms above and a separate one bedroom flat, there is bags of potential to incorporate letting bedrooms into the business. Being set in two acres, the business often holds events for enthusiasts such as car clubs and motor bike rallies.
Regional Valuations Manager, Robert Cockayne handled the sale and commented: “The sale of The Milbury’s shows that despite the economic challenges, there is still appetite in the market for business which have further potential to grow. The new owners intend to fully refurbish the property over the coming months, the results of which I am dying to see!”
The freehold interested of The Milbury’s was sold off an asking price of £1,250,000.
For more information on buying or selling your public house, restaurant, hotel or other hospitality property, call or email the Sidney Phillips on 01892 725900 or email southeast@sidneyphillips.co.uk.
(April 2023)