WILTSHIRE ROADSIDE PUBLIC HOUSE IN THE VALE OF PEWSEY

Between Pewsey and Marlborough 
In need of renovation
Three internal trade areas, two private apartments 
Mature gardens and car park
Plot size 0.56 of an acre
Closed since 2014

The White Hart is located on the A345 between the large village of Pewsey and the historic market town of Marlborough. The Vale of Pewsey is in the North Wessex Downs: an Area of Outstanding Natural Beauty nestled between Stonehenge and Avebury Henge. It is surrounded by rolling countryside and offers breathtaking landscapes for outdoor enthusiasts to enjoy. Oare is a small village in the east of Wiltshire, just two miles north of Pewsey and four miles south-west of Marlborough. It is popular with walkers, particularly as The Wiltshire Way passes through the village: this is a long distance footpath between Ham, near the Berkshire border, and Mere, close to the Somerset and Dorset borders. The Giant’s Grave is a hill on the eastern edge of the village which offers views over Oare and across the Vale of Pewsey.

The White Hart is a prominent, roadside public house. It is detached and of brick construction under a pitched slate roof. The property lies within a plot of approximately 0.56 of an acre.

FREEHOLD £300,000 PRICE   Vacant possession on completion.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

CONDITIONS OF SALE - Enhanced Value Compensation
The property, comprising both the residential and commercial elements under a single title, is being sold at a value reflective of its current planning permissions and use. By agreeing to purchase this property, the Buyer acknowledges and agrees to the following conditions:

Site Unity: The Buyer shall not separate or subdivide the residential and commercial elements of the property without prior written consent from the Seller.
Planning Permission Changes: Should the Buyer, their successors, or assigns:
a) obtain residential planning permission for the current commercial element of the property, or
b) achieve any other change in planning permission that results in an increase in the property's value,
the Buyer shall be obligated to compensate the Seller for the resultant increase in value.

Compensation Calculation: An uplift of 35% will be compensated to the seller for the difference between:
a) The actual sale price of the property, and
b) The market value of the property with the new planning permission or changed use, as determined by an independent RICS certified valuer agreed upon by both parties.

Timeframe: This condition shall remain in effect for a period of 20 years from the date of completion of the sale.

Binding Nature: This condition shall be binding on the Buyer, their heirs, successors, and assigns, and shall be registered as a restrictive covenant on the property title.
Dispute Resolution: Any disputes arising from this condition shall be resolved through independent arbitration.

By proceeding with the purchase, the Buyer agrees to these terms and conditions.