Lambert Smith Hampton (LSH) has finalised the sale of The Walhampton Arms, a freehold pub and restaurant near Lymington in Hampshire, on behalf of Heartstone Inns Limited, securing a figure significantly above the £1.2 million guide price.

Appointed to run the process, LSH's Operational Real Estate team brought the well-established venue to market, capitalising on its sought-after position within the New Forest National Park, just minutes from the market and yachting town of Lymington.

The campaign drew strong interest from a wide mix of would-be buyers, ranging from established pub companies to private owner-operators, which created a competitive bidding environment and pushed the final price beyond initial expectations.

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Set within its own grounds, the Grade II listed property trades as a community and family pub-restaurant, offering around 150 internal covers and a further 80 outside. It also provides 11 en-suite guest bedrooms, with planning permission in place for four additional rooms.

Neil Morgan, Director – Operational Real Estate at Lambert Smith Hampton, said: "The level and breadth of interest we generated in The Walhampton Arms demonstrates the strength of demand that remains for high-quality freehold pub assets in the right locations.

"Its position within the New Forest, close to Lymington, combined with a strong established business, letting accommodation and further development potential made this a particularly attractive opportunity to the market.

"We received interest from both established pub groups and private operators, creating a competitive process which ultimately enabled us to achieve a sale price significantly in excess of the £1.2 million guide price for our client.

"It's a great result for Heartstone Inns and further evidence that well-located, quality hospitality assets can command strong pricing when they are positioned and marketed effectively."