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Popular Ringwood Public House In Ringwood For Lease

Ringwood, Hampshire
Asking Price:
£65,000
Turnover:
£210,000
Net Profit:
Available on request

• 5 letting rooms
• Self-contained flat (let out)
• Well-presented throughout
• Excellent turnover and profits
• Spacious owner’s accommodation

Falcon Commercial is delighted to offer for sale this popular Public House that dates back to 1823 which benefits from spacious owner’s accommodation as well as 5 letting rooms and a self-contained flat which is let out. It has been under the proud ownership of our clients since 2013 during which time the business has seen considerable growth. It is now reluctantly being placed on the market as our clients wish to retire. During their stewardship the business has built up an excellent reputation for its welcoming atmosphere.

Operating from substantial semi-detached landmark premises of real charm and character, the business is predominantly wet led but has enormous potential to grow food sales.
This thriving Public House has an extremely good regular trade as it is the focal point of the local community. There is occasional entertainment on a Saturday evening which is particularly popular.

Lamb Inn is run by our clients with help from a dedicated team of staff. The business generates an excellent turnover in the region of £210,000 per year and enjoys consistently high gross profit margins.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended.

Property information

Property:

Leasehold

Lease Terms:

Leasehold. There are 7 years remaining on a 9-year lease. The current rent payable is £31,800 per year.

Leasehold Rent:

£31,800 per annum

Location:

Ringwood is on the edge of the beautiful New Forest National Park with its many walks, woods and glades. Ringwood is situated in the Avon Valley and is renowned for its excellent River Avon fishing and surrounding lakes. The sandy beaches of Bournemouth are 15 minutes’ drive away. And Southampton, Salisbury, Stonehenge and Winchester are all within easy driving distance. There are opportunities for sailing, water-skiing, windsurfing and fishing on the River Avon & many lakes around Ringwood. The river is also a haven for wildlife
Sporting facilities nearby include horse-riding, swimming, fishing, cycling, water-skiing, sailing and golf. There are many sight-seeing features in the area including the National Motor Museum at Beaulieu, Salisbury Cathedral, Hurst Castle, Exbury Gardens, the Liberty's Raptor & Reptile Centre and Moors Valley Country Park.

Premises Details:

This substantial character landmark premises occupies an outstanding highly visible trading position on the edge of this popular Hampshire town and provides excellent internal and external business accommodation. The extensive first and second floor accommodation consists of two distinct flats so would be ideal for two families.

The well-presented and equipped accommodation briefly comprises:

Ground Floor
• Main Bar which is open plan and has approximately 30 covers at tables and chairs as well as at the bar.
• Quite Room
• Pool Room
• Breakfast room which has 20 covers
• Kitchen
• Dry Store
• Cellar
• Wash-up Room
• Ladies Toilets
• Gents Toilets

First floor letting rooms
• Double bedroom with en-suite
• Twin bedroom with en-suite
• Twin bedroom
• Toilet

First floor Owners accommodation
• Double bedroom with en-suite (currently on a long term let)
• Single bedroom with en-suite (currently on a long term let)
• Office
• Lounge
• Double bedroom with en-suite
• Laundry room
• Kitchenette
• Shower room
• Lounge
• Double Bedroom

External
• Twin Bedroom with en-suite
• Twin Bedroom with en-suite
• Smoking area
• Customer car park

Business Operation

Trading hours:

• Monday – Wednesday 3.00pm – 11.00pm
• Thursday Mid-day – 11.00pm
• Friday & Saturday Mid-day – Mid-night
• Sunday Midday – 10.30pm

Contact Information

    1. Your Address

    2. Optional
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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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