Old House Hotel The Square Wickham Hampshire PO17 5JG

Old House Hotel
The Square
Wickham
Hampshire
PO17 5JG

Prestigious Freehold Hotel Investment

Beautifully presented award winning hotel in idyllic Hampshire market town
Let to The Old House Hotel Limited until 2032
Approximate site area of 0.13 hectares (0.32 acres)
Substantial property comprising twelve double bedrooms with en-suite bathrooms including four modern self-contained garden suites and an award-winning restaurant

Lot
33
Auction
9th December 2010
Rent
£140,000 per Annum
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Prestigious Freehold Hotel Investment

Beautifully presented award winning hotel in idyllic Hampshire market town
Let to The Old House Hotel Limited until 2032
Approximate site area of 0.13 hectares (0.32 acres)
Substantial property comprising twelve double bedrooms with en-suite bathrooms including four modern self-contained garden suites and an award-winning restaurant

Lot 33
Auction 9th December 2010
Rent £140,000 per Annum
Status Withdrawn Prior
Price
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

3 miles north of Fareham; 10 miles north of Portsmouth; 17 miles south east of Winchester
Roads: A334, A32, M27 (Junction 10)
Rail: Fareham (direct to London Waterloo)Air: Southampton

Situation

The property is situated in a prominent position on the south side of The Square which is at the heart of this historic and picturesque town. The property is surrounded by the Meon Valley countryside and benefits from being within easy reach of the historic cities of Winchester and Portsmouth.

Tenure

Freehold.

Location

3 miles north of Fareham; 10 miles north of Portsmouth; 17 miles south east of Winchester
Roads: A334, A32, M27 (Junction 10)
Rail: Fareham (direct to London Waterloo)Air: Southampton

Situation

Tenure

Freehold.

Description

The property, a substantial Grade II Listed hotel dating from 1707, comprises TWELVE DOUBLE BEDROOMS WITH EN-SUITE BATHROOMS, which includes FOUR MODERN SELF-CONTAINED GARDEN SUITES. In addition the property benefits from a BAR and an AWARD-WINNING RESTAURANT where you can dine in a private dining room, garden room/conservatory and a smaller intimate restaurant.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First Second Garden Suites	Dining Rooms, Bar, Kitchen and Ancillary 6 Bedrooms with En-suite Bathrooms 3 Bedrooms and En-suite Bathrooms 4 Bedrooms and En-suite Bathrooms	291.71 sq m 184.41 sq m 88.26 sq m 123.56 sq m	(3,140 sq ft) (1,985 sq ft) (950 sq ft) (1,330 sq ft)	THE OLD HOUSE HOTEL LIMITED (with guarantee) (1)(2)(3)	25 years from 11/06/2007 until 10/06/2032 on a full repairing and insuring lease	£140,000	11/06/2012 and 5 yearly
Totals		687.94 sq m	(7,405 sq ft)			£140,000

(1) Under the established owner, The Old House Hotel’s reputation has grown to become renowned for both its tranquil setting and fine dining. The hotel hasbeen sympathetically redecorated to reflect its character and charm and offers stylish facilities that have led it to be awarded three AA Stars and a Double AA Rosette for its restaurant. For further information please refer to www.oldhousehotel.co.uk(2) The terms of the lease are guaranteed by Richard Guess and John Guess for 2 years from completion of the sale. Richard Guess is a director of Rowley’s Restaurants Ltd and is an established restaurateur who also runs ‘Rowley’s’ based in St James’s, London and established over 40 years ago. Rowley’s is the sister restaurant of The Old House Hotel. Please go to www.rowleys.co.uk(3) The Profit & Loss Accounts for the year ending 31st December 2009 for Old House Hotel Limited are available for inspection from the Auctioneers.