Summary - Coventry Arms,Mill Street,CORFE MULLEN,BH21 3RH BH21 3RH
1 bed 1 bath Commercial Property
Freehold riverside pub with immediate income — 20‑year lease, offers over £875k.
Freehold village pub with long-established tenant and immediate income
Annual rent £77,700 with five‑year open market reviews and uncapped RPI
Large site 0.58 acres with beer garden and river frontage
Building area c.4,955 sq ft across ground and first floors
Parking for about 30 vehicles; seating for c.104 customers externally
Lease expires Sept 2042 — only 20 years remaining; lending risk
Medium flood risk; buyers should verify insurance and flood resilience
Tenant owns fixtures; fixtures and fittings not included in freehold sale
A substantial freehold village public house offered as a long-income investment. The whole building (4,955 sq ft) and 0.58-acre site are let to a private operator on a 20‑year lease to September 2042, producing £77,700 pa with five‑year open market reviews and annual uncapped RPI uplifts. The property includes trading areas, a rear restaurant, trade kitchen, first‑floor manager accommodation and an extensive beer garden with river frontage and parking for about 30 cars.
Income stability and site scale are clear strengths for a buy‑to‑let investor seeking a single-asset hospitality holding. A rent deposit of £20,361 is held and the tenant retains fixtures and fittings, leaving rental income intact while the business continues to trade unaffected by sale. The sale is envisaged as a TOGC for VAT purposes, simplifying a VAT‑registered buyer’s purchase.
Material considerations are plainly set out. Only 20 years remain on the lease from 2022 — lenders may be unwilling to provide mortgage finance on this term and some buyers will need to proceed with cash or specialist lending. The property has an EPC rating of C-61 and a medium flood risk for the area; prospective purchasers should carry out their own flood and insurance enquiries. Fixtures and fittings are owned by the tenant and are not included in the freehold price.
This asset suits investors comfortable with hospitality leases, rural trading locations and the practicalities of a riverside pub. The advertised guide price reflects an asking point for immediate income (offers in excess of £875,000, circa 8.41% NIY) assuming usual purchaser costs.
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