For SaleCommercial Property in The Square, Liphook, Hampshire, GU30£300,000

For Sale by Auction<br/>Closing Date - Noon on 08/10/2025<br/><br/>PLEASE FOLLOW LINK TO AUCTION SITE ON THE BROCHURE:<br/><br/><br/>Tiger Hill Limited is selling the freehold interest in the whole property. The property has planning consent for two semi-detached dwellings, a restaurant with two bedroom flat above to compliment a very successful neighbouring cinema<br/><br/>House 1 (semi-detached)<br/>Kitchen / living / dining room, Utility room, Cloakroom, Main bedroom with bathroom en suite, 2 further bedrooms, Family bathroom, Terrace, Garden, Total GIA 117.729 sq m*<br/><br/>House 2 (semi-detached)<br/>Kitchen / living / dining room, Utility room, Cloakroom, Main bedroom with bathroom en suite, Guest bedroom with bathroom en suite, Further bedroom, Family bathroom, Terrace, Garden, Total GIA 113.851 sq m*<br/><br/>Flat above Restaurant<br/>Kitchen / living / dining room, Utility room, Main bedroom with bathroom en suite, Family bathroom, Terrace, Bike / bin store, Total GIA 76. 423 sq m *<br/><br/>Ground Floor Restaurant<br/>Ground Floor GIA 109 sq m and Terrace of 29.5 sq ,*<br/><br/>*Please note that these dimensions are based on data provided by our client’s architects<br/><br/>Planning Reference Number: 22101/00<br/>East Hampshire District Council<br/><br/>The Property<br/>With the Living Room Cinema (www.thelivingroomcinema. co.uk) up and running, it is time to offer a building site (Freehold) with an excellent consent for two modern and versatile semi-detached units. They can be three bed units but are adaptable for home working or bed spaces on the ground floor. They would be enclosed units in secure environs off the Haslemere Road (B2131) and yet centrally located, an easy walk from all of Liphook’s shops and amenities. Both Units come with dedicated off-street parking and a pleasant and manageable garden space. <br/><br/>The Restaurant has an excellent frontage facing the Haslemere Road and is situated immediately adjacent to the Cinema. Both are mutually complimentary. The restaurant has a terrace area abutting the pavement and the benefit of a very well designed two bedroom flat above which has its own access and large south facing balcony.<br/><br/>Statement of Tenure<br/>Statement to be read with reference to the attached ground floor plan of the estate.<br/><br/>The freehold is outlined in red<br/><br/>The development has been set up on a long-leasehold regime with a shared freehold<br/><br/>The purchaser would be obliged to build out the scheme, substantially in line with the current planning consent. The cinmena and flats above are complete and occupied. Temporary hoarding is in place to allow LRC access to their bins, a delivery space and emergency exit route. <br/><br/>The Living Room Cinema (LRC) have a 999 year lease dated 10.06.2021 at a peppercorn rent on their building outlined in blue. Their lease has reserved rights over the Estate Common Parts (coloured green), see Plan 1, for access to their bin store, emergency access and delivery space. LRC has no rights to parking. LRC is responsible for their building maintenance and insurance. LRC will contribute to the Estate Common Parts management costs via the estate management company Cadoc Estate Limited. <br/><br/>Tiger Hill Limited was granted long leases on the two flats above the cinema upon their completion in February 2023. <br/><br/>Upon sale of the freehold, Tiger Hill will reserve rights across the common area for one parking space for each of the two flats above the LRC (x2 spaces) marked spaces 6 and 7 and two electric car charge points (shown on the attached Plan 1) to be built and provided by the purchaser at no cost to Tiger Hill. These two spaces to be leased to Tiger Hill Limited on two 999 year leases at a peppercorn, see auction pack for long lease Heads of Terms.<br/><br/>The purchaser would also be responsible to build the “Shared Delivery Space” as shown on the Plan 1 coloured red, for use of LRC and the restaurant/commercial occupier at no cost to Tiger Hill. <br/><br/>A management company Cadoc Estate Limited has been set up and would be transferred to the Freehold and Phase 2 purchaser. The intention is that as the scheme is completed and sold, each long lease is granted one share in the company ie x7 shares. Once the whole development is complete the freehold would be transferred to Cadoc Estate Limited. Cadoc would thereafter be responsible for the management of the Estate Common Parts – maintenance and insurance. There should be minimal expenses and the company can be run as a communal effort. We envisage the parking spaces can either be granted with the house and flat leases or on licences.<br/><br/>The legal pack can be accessed and reviewed from the property listing on the website. Agreed completion date Twenty business days after the contract date.<br/><br/>The tenancies are listed in the tenancy schedule found in the special conditions document.<br/><br/>Special Notice<br/>10% of the price to be paid to the auctioneer (J-S Auctions) and paid to the Buyer’s conveyancer as stakeholder.