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Character Leasehold Pub And Restaurant In Meon Valley For Lease

Hampshire, UK
Asking Price:
£120,000 Furniture / Fixtures included
Turnover:
£286,000
Net Profit:
Available on request

Character grade ii listed leasehold public house & restaurant (free of tie), fronting busy ‘a’ road, in affluent Meon valley village, Hampshire. Radiating a great deal of olde worlde charm. Central main bar seats 20, with 2 adjoining dining areas, each seating between 16 and 20. Popular games room/sports bar. Block paved trade garden (sun trap) offers alfresco dining for 35. Catering kitchen. Car parking for 15+. 7 bed owners/staff accom. Oil CH. Same hands 15 years. Offering authentic Indian cuisine. Open traditional hrs – 7 days. T/O £5,500 pw (60% food). Offered with new 10 yr lease at £37,920 p.a.x. - £120,000 + S.A.V. (Ref. F/C.3846)

Property Information

Property:

Leasehold

Lease Terms:

The premises are offered for sale with the benefit of a new lease, which is free of brewery tie, for a term of 10 years, commencing at an initial rental of £37,920 per annum, exclusive, subject to rent reviews in future years.

Leasehold Rent:

£37,920 per annum

Living Accommodation:

• The living accommodation (not inspected) is on the first and second floors above the Pub and, we understand, in the past has been used for bed and breakfast purposes
• The residential accommodation is now occupied by the Vendors as their own living quarters and for staff accommodation
• We understand that the property has oil fired central heating, which is supplied by radiators (system not tested) and there are 5 bedrooms on the first floor and 2 dormer bedrooms on the second floor with bath and toilet facilities

Location:

Fronting a busy 'A' road in an affluent Meon Valley village.

Premises Details:

• Radiating a great deal of olde worlde charm, the Pub has cream colour-washed brick elevations under a pitched, tiled roof and features an illuminated well shaft. Well known for its history during the World War 2 when many famous people visited and stayed at the Inn.
• There is a central main bar area (snug) with old fashion wooden servery and seating for approximately 20 covers
• Either side of the central bar area there are basically 2 dining areas, each with space to accommodate between 16 and 20 covers. So, all in all the are approximately 50 covers in total
• Separate ladies’ and gentlemen’s toilets adjoin the bar and dining areas
• The Pub has a popular games room/sports bar to the rear of the premises, which can also be used for private functions with space for approximately 30 covers or more. The games room has a large television for showing sports programs. The sports bar servery is connected to the main bar to provide service in both areas
• There are separate ladies’ and gentlemen’s toilets
• The catering kitchen is situated to the rear of the building and has all the necessary equipment for smooth operation with an adjoining wash-up area
• From the kitchen stairs give access to a beer cellar with delivery chute from the forecourt and storage area for cutlery and crockery
• To the rear of the Pub there is an enclosed block-paved trade garden, which is an absolute sun trap and offers alfresco dining for approximately 35 or so covers
• To the front of the building there is a tarmac forecourt, with parking for 3 cars and a driveway to one side of the property gives access to a 12/14 space car park
• In addition, there is a small tarmac yard area, a large store room, a further store room with 2500 litre oil storage tank and a brick-built dry goods store

Business Operation

Expansion Potential:

Suitable for many styles of cuisine.

Trading hours:

The Pub and Restaurant open traditional hours, from 12.00 pm to 3.00 pm at lunch time and 5.00 pm to 11.00 pm in the evening – 6 days.

Employees:
3 kitchen and 3 front of house.
Years established:
Same hands 15 years.

Contact Andrew Greenwood

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