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Status Withdrawn Prior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
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Status Withdrawn Prior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
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.
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
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.
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
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.
Contacts
Seller's Solicitors
Druces LLP incorporating Clegg Manuel Salisbury House
London Wall London EC2M 5PS +44 (0)20 7628 7525
