THE VILLAGE INN , NEAR , NATIONAL PARK, GU31 5SW

FOR SALE CONTACT US Viewing is strictly by appointment • Boutique inn with strong profit performance, yet still with significant through Colliers. scope to increase revenue; • Fantastic trading location in the South Downs National Park and close Name Paul Barrasford to Petersfield; Department Hotels Agency • 16 individually appointed (refurbished 2016) en suite bedrooms; +44 20 7344 6963 [email protected] • Stylish lounge/bar (with seating for around 20), restaurant (with circa 40 covers) and terrace; www.colliers.com/uk/hotels • Manager’s apartment; • Car park for 27 vehicles; • Y/E December 2018 Net T/O £396k and Adjusted Net Profit £105k.

Freehold: Offers in the region of £1,050,000 or Leasehold: Ingoing Premium £100,000. Annual Rent £50,000 THE VILLAGE INN BURITON, NEAR PETERSFIELD, SOUTH DOWNS NATIONAL PARK, HAMPSHIRE GU31 5SW

LOCATION AND INTRODUCTION Located on the cross roads at the heart of the village, a vehicular entrance leads from Petersfield Road to the Buriton is a pretty Hampshire village located in the South property’s carpark with around 23 spaces. An additional parcel Downs National Park; an officially designated Area of of land (currently used for parking 4 vehicles is located Outstanding Natural Beauty. Its stunning countryside and opposite the property on Greenway Lane. vibrant market towns are significant drivers of leisure income in the region. PUBLIC AREAS AND F&B OFFERINGS The ancient and affluent market town of Petersfield is around 2 The Village Inn’s lounge/bar and restaurant features a stylish miles to the north. Fastest, direct train journey times from design ethos. An open plan area, including cosy corners, comfy Petersfield to Waterloo are just over 1 hour. chairs and an open fire, it is a welcoming space for both hotel The Village Inn is a perfect base for exploring the National Park. guests and non-residents. The restaurant seats up to 40 The (Britain’s first long distance bridleway people, with seating for a further 20 in the lounge/bar. which stretches for 100 miles) is around 1 mile from the inn. The enticing menus include “top notch steaks matured on the Other popular walking routes in the area include bone and then fired over white-hot oak, beech, hickory and and . The latter’s name reflects the use of oak cherry wood”, free-range orchard fed pork, poultry, South grown at Alice Holt Forest for Tudor shipbuilding, linking this Downs lamb and Game specialities. site with Historic Dockyard, home of the Mary The drinks menu includes well-chosen craft and keg ales and Rose and HMS Victory. extensive wine list. Also, within the bar is the ‘Gin Shed’; cosy The Village Inn is a stylish boutique inn with an impressive and only big enough for 2 or 3 people at a time it features over product offering. It is maintained to a high standard 50 individually chosen gins and is a great talking point for fun throughout; with the well-appointed bedrooms being tasting and comparing notes. refurbished in late 2016/17. The Village Inn hosts an array of events throughout the year Acquired by our client in 2016, they have gone on to establish a including music nights, gin tasting, and parties. strong trading performance in a short period of time. Turnover Ladies and Gents WCs are located to the ground floor and for the year ending December 2018 was £396k with a resulting Adjusted Net Profit around £105k. basement. The Village Inn is reluctantly offered for sale due to personal reasons. It is felt there is clear scope to continue and accelerate the growth of this already successful business further. For example, through more intensive marketing of rooms and increasing F&B revenues. PROPERTY AND EXTERNAL AREAS The original Village Inn was constructed in the late 19th century. The building is principally arranged over basement to second floor. To the front is an outdoor seating terrace area for around 24 people. THE VILLAGE INN BURITON, NEAR PETERSFIELD, SOUTH DOWNS NATIONAL PARK, HAMPSHIRE GU31 5SW

GUEST BEDROOMS The inn enjoys a strong level of repeat resident and non-resident custom, with recent revenue mix of: The Village Inn has 16 superbly appointed, guest bedrooms; 13 doubles, 1 family and 2 twins. NB – one of the bedrooms is Revenue Mix YE 2018 YE 2017 currently used a storage room. Several of the bedrooms are inter- Accommodation 53% 48% connecting; ideal for families. The en suites feature luxurious roll Food 24% 29% top baths or superb contemporary showers. Small but important Beverage 23% 23% details include high quality linen, fluffy towels and toiletries by The recent trading performance is summarised as: Mason and Miller. Each bedroom is individually named after some of the region’s more quirkily named cheeses such as Ticklemore, Gallybagger and 2018 2017 Two Hoots. Rebecca Barnes, a local interior designer, was involved Year Ending December £'000 £'000 with refurbishment of the inn in late 2016/17. Net Turnover 396 424 ANCILLARY AREAS Adjusted Net Profit 105 74* *NB – 2017 Adjusted Net Profit was low as this was first year of Well-equipped and compact commercial kitchen, stores area, walk ownership having bought the business when it was closed. in refrigerator, under-counter freezer. As previously mentioned, the Village Inn is reluctantly offered for MANAGER’S APARTMENT sale due to personal reasons. It is felt there is clear scope to continue and accelerate the growth of this already successful A 1 bedroom apartment with lounge/kitchen area and en-suite business further. For example, through more intensive marketing bathroom is located to the rear of the property. of rooms revenue and increasing F&B revenues. UTILITIES TENURE The property is connected to all mains utilities. Freehold. WEBSITE PRICE AND METHOD OF SALE http://www.villageinnburiton.co.uk/hotel/ Offers in the region of £1,050,000 are sought for the freehold THE BUSINESS interest in the property and business complete with goodwill and trade contents (according to inventory), excluding personal items. The Village Inn trades as an upscale, boutique inn with superb Stock at valuation. bedroom, food and beverage offerings. At time of writing, 85% of Consideration will also be given to leasehold proposals. The guide TripAdvisor reviews rating it as Excellent or Very Good. terms being £100,000 for the ingoing premium and rent of Booking.com rates the hotel as ‘Fabulous 8.7’. £50,000 per annum. Stock at valuation. Managed by the owner and a Chef Patron, it employs 4 full time Either sale method will be conducted on an asset basis. and 4 part time members of staff. Interested parties may wish to note the seller may consider a vendor loan subject to LTV requirement, covenant, detailed terms etc. THE VILLAGE INN BURITON, NEAR PETERSFIELD, SOUTH DOWNS NATIONAL PARK, HAMPSHIRE GU31 5SW THE VILLAGE INN BURITON, NEAR PETERSFIELD, SOUTH DOWNS NATIONAL PARK, HAMPSHIRE GU31 5SW THE VILLAGE INN BURITON, NEAR PETERSFIELD, SOUTH DOWNS NATIONAL PARK, HAMPSHIRE GU31 5SW THE VILLAGE INN BURITON, NEAR PETERSFIELD, SOUTH DOWNS NATIONAL PARK, HAMPSHIRE GU31 5SW

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Disclaimer Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (Insert date) Colliers International is the licensed trading name of Colliers International Business Space UK LLP which is a limited liability partnership registered in and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA. www.colliers.com/uk/hotels