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HAMPSHIRE – PICTURESQUE VILLAGE FREEHOUSE IN MEON VALLEY
High Street, East Meon, Petersfield, Hampshire, GU32 1QA
Ref: 49970
Nil Premium
Leasehold
Key Features
Location
The Izaak Walton is situated in the centre of the picturesque East Hampshire village of East Meon, named after the chalk stream the River Meon which flows through it. The village is the highest in the Meon Valley and lies within the South Downs National Park. Henwood Down is a prominent hill which rises approximately one mile to the west and the South Downs Way, a long-distance footpath and bridleway, passes over the southern spur of the hill. Outdoor enthusiasts can also enjoy the old Meon Valley Railway which has been transformed into a rural trail between the villages of Wickham and West Meon.
East Meon is located approximately 4 miles west of Petersfield and has a population of around 1,200. The village has a number of amenities which include a convenience store, All Saints Church, a village hall, a primary school and two public houses (one of which is The Izaak Walton). There are good local transport links: the A3 trunk road is found at Petersfield and connects London to the port city of Portsmouth; Petersfield train station is managed by South Western Railway and sits on the Portsmouth line which connects Portsmouth Harbour in the south to London Waterloo via Woking in the north.
The Izaak Walton is a two storey, detached, brick constructed property under a pitched slate roof. The property lies within the village’s conservation area and occupies a plot of around 0.33 of an acre.
East Meon is located approximately 4 miles west of Petersfield and has a population of around 1,200. The village has a number of amenities which include a convenience store, All Saints Church, a village hall, a primary school and two public houses (one of which is The Izaak Walton). There are good local transport links: the A3 trunk road is found at Petersfield and connects London to the port city of Portsmouth; Petersfield train station is managed by South Western Railway and sits on the Portsmouth line which connects Portsmouth Harbour in the south to London Waterloo via Woking in the north.
The Izaak Walton is a two storey, detached, brick constructed property under a pitched slate roof. The property lies within the village’s conservation area and occupies a plot of around 0.33 of an acre.
Property
TRADE AREAS
GROUND FLOOR
Front entrance off High Street into the U-shaped bar area. This comprises two interconnecting trade areas: a LOUNGE BAR and a RESTAURANT. The centrepiece is a long, polished, wooden top bar servery which could have bar stool seating for around 5.
LOUNGE BAR: a characterful trade space on the west wing, having a mix of wooden floorboards and quarry tile flooring and an open fireplace. This area can seat around 22 customers.
RESTAURANT: situated on the east wing, having fitted carpet and seating for around 30.
TRADE KITCHEN: with nonslip flooring, hygienic wall cladding, a stainless-steel extraction canopy, a wash up area and a storage cupboard.
PREPARATION & WASH-UP KITCHEN: this adjoins the trade kitchen and has nonslip flooring and hygienic wall cladding.
Set of Ladies’ and Gentlemen’s TOILETS. BOILER ROOM. On level BEER STORE.
OWNERS ACCOMMODATION
Located on the first floor with both internal and external access. The accommodation comprises four DOUBLE BEDROOMS, a large LIVING ROOM with KITCHENETTE and DINING area, a BATHROOM and a SHOWER ROOM with neighbouring WC.
EXTERNAL
REAR CAR PARK for around 11 - 13 vehicles. LAWNED BEER GARDEN which seats more than 70 customers. Brick barbecue. SMOKING SHELTER to seat around 10. BARREL YARD. SERVICE YARD/BIN STORE. Detached GARAGE with lean-to WOODSHED.
GROUND FLOOR
Front entrance off High Street into the U-shaped bar area. This comprises two interconnecting trade areas: a LOUNGE BAR and a RESTAURANT. The centrepiece is a long, polished, wooden top bar servery which could have bar stool seating for around 5.
LOUNGE BAR: a characterful trade space on the west wing, having a mix of wooden floorboards and quarry tile flooring and an open fireplace. This area can seat around 22 customers.
RESTAURANT: situated on the east wing, having fitted carpet and seating for around 30.
TRADE KITCHEN: with nonslip flooring, hygienic wall cladding, a stainless-steel extraction canopy, a wash up area and a storage cupboard.
PREPARATION & WASH-UP KITCHEN: this adjoins the trade kitchen and has nonslip flooring and hygienic wall cladding.
Set of Ladies’ and Gentlemen’s TOILETS. BOILER ROOM. On level BEER STORE.
OWNERS ACCOMMODATION
Located on the first floor with both internal and external access. The accommodation comprises four DOUBLE BEDROOMS, a large LIVING ROOM with KITCHENETTE and DINING area, a BATHROOM and a SHOWER ROOM with neighbouring WC.
EXTERNAL
REAR CAR PARK for around 11 - 13 vehicles. LAWNED BEER GARDEN which seats more than 70 customers. Brick barbecue. SMOKING SHELTER to seat around 10. BARREL YARD. SERVICE YARD/BIN STORE. Detached GARAGE with lean-to WOODSHED.
The Business
The business has been let out to third party tenants and therefore no trading accounts are available. Prospective purchasers will need to reach their own conclusions as to the potential trade and profitability which can be enjoyed at this outlet.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Tenure
LEASEHOLD - NIL PREMIUM
TERM - Up to 20 years
LANDLORD & TENANT ACT 1954 - Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY - Assignable subject to Landlord’s consent. Such consent not to be unreasonably withheld.
RENT DEPOSIT - The successful applicant will be required to lodge with the Freeholder a deposit equivalent to six months’ rent in advance plus VAT. Personal guarantors will be required if the lease is taken out in limited company.
RENT - £34,000 per annum, paid quarterly in advance, via direct debit.
RENT REVIEW - Subject to rent reviews every fifth year of the term. Annual RPI indexation will be added at a minimum of 2.5% and a maximum of 5% per annum.
REPAIR LIABILITY - Full repairing and insuring lease.
TIE - Free of all trade ties.
INSURANCE - The Landlord will insure the building and charge the Tenant by way of an Insurance Rent.
VAT - VAT will be payable on rental payments.
TERM - Up to 20 years
LANDLORD & TENANT ACT 1954 - Inside Part II Landlord & Tenant Act 1954
ASSIGNABILITY - Assignable subject to Landlord’s consent. Such consent not to be unreasonably withheld.
RENT DEPOSIT - The successful applicant will be required to lodge with the Freeholder a deposit equivalent to six months’ rent in advance plus VAT. Personal guarantors will be required if the lease is taken out in limited company.
RENT - £34,000 per annum, paid quarterly in advance, via direct debit.
RENT REVIEW - Subject to rent reviews every fifth year of the term. Annual RPI indexation will be added at a minimum of 2.5% and a maximum of 5% per annum.
REPAIR LIABILITY - Full repairing and insuring lease.
TIE - Free of all trade ties.
INSURANCE - The Landlord will insure the building and charge the Tenant by way of an Insurance Rent.
VAT - VAT will be payable on rental payments.
Licence
A full Premises Licence is held for the supply of alcohol on and off the premises.
Monday-Saturday 10:00-23:00
Sunday 12:00-00:30
Monday-Saturday 10:00-23:00
Sunday 12:00-00:30
Services
Mains electricity, water and drainage are connected.
Oil fired central heating and LPG for cooking.
Local Authority: East Hampshire District Council.
Rateable Value: £7,000 as at April 2023
Oil fired central heating and LPG for cooking.
Local Authority: East Hampshire District Council.
Rateable Value: £7,000 as at April 2023