Summary - THE MILL ARMS HOTEL, BARLEY HILL SO51 0LF
8 bed 1 bath Pub
Turnkey country hospitality business with large function space and clear growth potential.
Annual turnover c. £551,000 (year ending April 2024)
A fully refurbished Hampshire village freehouse, restaurant and small hotel trading from a prominent rural location in the Test Valley. The Mill Arms currently produces an annual turnover of c. £551,000 (year ending April 2024) from two well-appointed bar areas, a conservatory restaurant, large commercial kitchens and a self-contained function room for up to 120 guests. The site includes six refurbished en-suite letting bedrooms (currently low occupancy), a separate owners’ three-bedroom home and substantial outdoor trade gardens seating around 60.
The business presents clear upside: letting occupancy is only c. 20% so room nights could significantly increase, and the function space plus two car parks (circa 50 spaces) suit weddings, events and group trade. The premises have been extensively refitted throughout and include walk-in cold room, two fitted kitchens, cellar and accessible WCs.
Important constraints: the property is offered with a commercial lease of 10 years remaining (renewable under the 1954 Act). That relatively short unexpired term, together with an annual rent of £83,556 (paid quarterly) and requirement for a rent deposit, may restrict mortgage lending and will affect purchaser financing options. Prospective buyers should factor lease length and rent commitments into any offer.
This is most suitable for an operating buyer or investor able to take on a trading business and capitalise on under-used accommodation and event capacity. The hamlet setting, proximity to Mottisfont Abbey and Dunbridge station support visitor trade, but hands-on management or an operator with marketing experience will be needed to realise the stated potential.
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