Summary - Malthouse Malthouse Malthouse, Stockbridge Road, Timsbury, Romsey, SO51 0NG SO51 0NG
1 bed 1 bath Commercial Property
Income-producing Grade II listed pub with large garden and 20-year lease remaining.
Freehold village pub on 1.04-acre site
A rare freehold village pub investment set on a 1.04-acre site in Timsbury, near Romsey, let in its entirety to The Malt House Pub Limited. The building is a two-storey Georgian brick former malthouse with basement cellars, ground-floor trading areas and two one‑bed flats above, together providing extensive outdoor trade space and parking for around 45 cars. The tenant pays £106,092 per annum with five-year open market reviews and annual uncapped RPI increases (except in review years).
This is an income-producing freehold offered with vacant possession of the tenancy only on transfer: business operations are unaffected by sale. The lease runs until March 2039 and a rent deposit of £25,227 is held. The current guide price of offers in excess of £1,225,000 reflects a net initial yield of 8.17% (assumes typical purchaser costs).
Key strengths are the long-established trade layout (seating for 88 internally, 168 in the rear garden plus front seating), substantial site and off-street parking — assets that support wet and food-led trade in a prosperous rural catchment. The property’s Grade II listing and its period character can add appeal but also limit alteration options.
Material drawbacks are practical and finance-related: only c.20 years remain on the occupational lease, which may deter or restrict some lenders; the Grade II listing may complicate refurbishment and engineering works; and fixtures and fittings are owned by the tenant. Prospective purchasers should satisfy themselves on lending availability, listing consent requirements and the implications of uncapped RPI rent indexing.
This opportunity suits an investor seeking secure rental income from a single-let leisure property with redevelopment or operational upside for a buyer able to manage listing constraints and potential funding considerations.
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