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Former White Hart Pub, 1 East Street

For sale: £250,000.00|To rent: £20,000.00 Per Annum|2386 Sq Ft|Leisure Property, General Retail, Licensed & Leisure, Retail

PROPERTY DETAILS

FOR SALE£250,000.00
TO RENT£20,000.00 Per Annum
SIZE2386 Sq Ft
ADDRESSFormer White Hart Pub, 1 East Street, Havant, PO9 1AA
TYPELeisure Property, General Retail, Licensed & Leisure, Retail
TENURETo Let, For Sale Freehold, For Sale Leasehold
POSTED ON17th January 2020

DESCRIPTION

Key Points

  • Prominent Corner Position
  • Grade II Listed Building
  • Close To Meridian Shopping Centre
  • Excellent Transport Links
  • Summary

    Former Town Centre Public House

    Description

    The property is a Grade II Listed building comprising a former Public House which is now vacant at ground floor level, with the long leasehold interest of the upper parts having been sold. The ground floor comprises a former bar area leading to an ancillary function room and stores. WC and Kitchenette are provided, with direct access for the former bar area. The ground floor premises currently have a D2 (Assembly & Leisure) use. There is the possibility the premises could be used for other purposes subject to planning. The long leasehold interest of the upper parts which have been sold with 125 year leases generating a ground rent income of £800 each per annum, providing a total income of £4,000 per annum. The property is available to let or sale. If the freehold is sold it would be with the benefit of the roadside frontage and rear access through an enclosed outdoor patio area.

    Location

    East Street is located in the heart of Havant Town Centre, with the subject unit situated in a prominent corner position on the junction with North Street, West Street and South Street. The property is within close proximity to The Meridian Shopping Centre, Waitrose Supermarket and Havant Railway Station. North Street leads southwards towards the A27 which leads eastwards towards Chichester and westwards towards the M27 and the motorway network towards Southampton, Portsmouth and London.

    Terms

    Leasehold - Available on a new full repairing and insuring lease of the ground floor premises for a term to be agreed. Guide rent - £20,000 Freehold - guide price £250,000 for the ground floor premises, with the benefit of the ground rent income of the upper parts.

    Business Rates

    Rateable value: £16,500. Source: voa.gov.uk You are advised to confirm the rates payable with the local Council.

    Other costs

    Each party to be responsible for their own legal costs incurred in the transaction. Unless stated, all prices and rents are quoted exclusive of VAT

    LOCATION

    Location: Former White Hart Pub, 1 East Street, Havant, PO9 1AA

    Havant (0.2 miles)

    Warblington (0.6 miles)

    Bedhampton (0.7 miles)

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