Licensed Leisure
White Horse Hotel 2 The Square, Storrington, Pulborough, RH20 4DJ Pub/Hotel For Sale – Leasehold Available – Offers Invited
Fully refurbished 13 bedroom hotel
13 space car park
Separate Bar and Restaurant
20 year FOT lease from June 2015
Separate Manager/Owner’s Accommodation
Offers Invited
Private Dining/Meeting Room Savills Southampton 2 Charlotte Place Southampton SO14 0TB
+44 (0) 23 8071 3900 savills.co.uk
Location The White Horse Hotel is located in Storrington which is a large village in the Horsham District of West Sussex, and one of two in the civil parish of Storrington and Sullington. Storrington lies at the foot of the north side of the South Downs and the A283 road (High Street) runs directly through the village and connects Storrington to Steyning in the east and Pulborough in the west. The White Horse is located in a prominent position fronting the High Street and Village Square, with other commercial retailers adjacent and opposite.
Property Description The property comprises a historic, circa 1600, Grade II Listed former coaching inn which is brick built, detached and arranged over basement, ground, first and second floor levels. The roof is pitched and clay tiled and the glazing is wooden framed single glazed, sash in the main.
Internal Description The ground floor comprises of an open plan trading area with bar servery to the left of the entrance and comfortable seating surrounding. To the right of the bar area is an adjoining restaurant / bar with attractive hallway which dissects both trading areas. The restaurant area can accommodate 50 covers with an additional 16 covers in a private dining room adjacent. The hallway provides access to the ladies, gents and disabled WC facilities. The cellar is accessed via a staircase close to the WC area and is extensive providing dry storage, laundry area, and beer cooling room. The kitchen is located adjacent to the restaurant and is a decent size to service the operation at the venue. At first floor level there 9 en-suite letting bedrooms and at second floor level there are an additional 4 en-suite letting bedrooms. The managers flat which comprises 2 double bedrooms, a kitchenette and bathroom is also accessed at lower second floor level. The property has recently been refurbished and is therefore is very good condition. Externally there is a 13 space car park to the rear and adjacent to this is an external trade garden.
Tenure
Fixtures and Fittings
The premises are let on a ‘Free of Tie’ 20 year full repairing and insuring lease from the 26th June 2015. The current passing rent is £50,000 per annum and is subject to 5 yearly reviews. The Assignee will be expected to lodge a £12,500 rent deposit on assignment of the lease. The lease is available to review upon request by bonafide parties, once the property has been fully inspected.
All fixtures and fittings are owned outright and are included in the sale.
Planning We understand the property currently benefits from Class A4 planning use consent. The lease allows the permitted use within the following use classes order - A4 (Drinking Establishments), A3 (Food and Drink), A2 (Professional Services) and A1 (Shops and Retail Outlets).
Licensing The property has been granted a Premises Licence in accordance with the Licensing Act 2003. The premises’ trades under traditional hours.
Rating The property is Listed in the 2010 Rating List with a rateable value of £18,250. The property is Listed in the 2017 Draft Rating List with a rateable value of £37,500. The 2017 rateable value will be applicable as of 1 April 2017. The National Multiplier in England and Wales for 2016/2017 is 0.497. The current tenants are contesting this.
The Business Currently the hotel is operating on a letting room basis with breakfast. The bar is open evenings only. The rooms have strong occupancy rates and therefore the opportunity exists for an enterprising owner operator to take over the business and drive the food and beverage element of the operation.
Price Offers are invited in the region of £150,000 for the leasehold interest.
Energy Performance Certificate A copy of the EPC Certificate is available upon request. The property has a ‘D76’ Rating.
Viewing An initial customer visit is highly recommended however all viewings are by appointment only through Savills.
Contact Adam Bullas +44 (0) 23 8071 3957
[email protected] Chris Bickle +44 (0) 23 8071 3900
[email protected] Savills Southampton 2 Charlotte Place Southampton SO14 0TB
Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | February 2017