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2 bedroom property for sale

The Three Crowns, West Sussex, RH14 0DX
Auction
Property
2 beds
Added > 14 days

Key information

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Features and description

  • Freehold pub investment
  • Located in beautiful and historical West Sussex village on the A272
  • Totals approximately 271 sq m (2,917 sq ft) on ground floor with residential accommodation above
  • New 15 year lease
  • Two personal guarantors and 6 months rent deposit
  • Producing £75,000 per annum
  • Docuwise Legal Pack Review

The premises comprise a substantial corner plot offering bar, restaurant and two funtion rooms (approximately 100 covers) plus a self contained two bed flat and two staff letting rooms (one en-suite) and seperate staff bathroom. The sun terrace is partially covered and seats approximately 70 covers and a large lawned garden providing a further 100-120 covers with an outside bar, pizza oven and herb garden, storage sheds and bin stores.


Location:

The Three Crowns occupies a highly prominent roadside position on the A272, within the beautiful village of Wisborough Green, between Petworth and Billingshurst in West Sussex. The village lies 17 miles south of Guildford and 20 miles north of Chichester. The pub is located on the edge of the South Downs National Park, within the Wisborough Green Conservation area. It overlooks the village green and is adjacent to the village church.


Tenancy:

Held on a 15 year lease from 24th June 2025 to SPV company, The Three Crowns (Sussex) Ltd, with five yearly upward only rent reviews at a rent of £75,000 per annum.

Personal guarantors: The two directors of the SPV personally guarantee the lease for three years from commencement of the lease.

The lease guarantors are both experienced publicans, with one guarantor having 15 years prior experience having been the Operation and Acquisitions director of Sussex inns with 16 venues. He also has three venues of his own, owns two properties (one unmortgaged) and a buy to let business. The second guarantoor, is also an experienced landlady, with 17 years experience in the trade, with three other venues of her own and is also a homeowner.

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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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