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Town Centre Pub With Beer Garden For Lease

Worthing, West Sussex
Asking Price:
£55,000
Turnover:
Available on request
Net Profit:
Available on request

Spratt and Son’s Commercial Department are delighted to bring to the market an opportunity to purchase the leasehold of an extremely well established Public House situated in Worthing Town Centre.

The premises, which have been in the same hands for approximately 22 years, comprise a good size open bar with ladies & gents WC’s, kitchen and cellars. The bar is presented in excellent order with traditional pub décor including two fireplaces and exposed beams. The extensive first and second floor accommodation which can be accessed separately from the bar, comprises an office space, five letting rooms, kitchen and two bathrooms.

Externally there is a front patio and a small rear patio area which opens onto a large side beer garden with permission for a 12ft serving kiosk which is Free from Tie.

The pub is situated in a prominent location to the southern end of High Street at its junction with North Street. The surrounding areas are densely populated and nearby commercial occupiers include The Corner House Pub, Waitrose and Lidl.

This is an excellent turn-key opportunity and viewing is strongly recommended.


ACCOMMODATION:

Main Bar
Maximum overall width 27’5
Maximum overall depth 40’
Approximate area 1,000 sq ft

• Good size open plan bar with approx. 60-65 covers
• Presented in traditional pub décor
• Bar Billiards area
• Two fireplaces (one open and one real flame gas fire)
• Refurbished Ladies and Gents WCs
• CCTV throughout, including garden

Kitchen 50 sq ft
The small but functional kitchen is fully fitted, has a 5* food hygiene rating and offers potential to be extended if required.

Inner Cellar Unmeasured
Outer Cellar Unmeasured

First Floor
The first floor accommodation comprises an office space for the bar, two letting rooms (currently used as storage), a large kitchen/breakfast room and WC.

Second Floor
The second floor accommodation comprises three further letting rooms, bathroom and separate shower room.

External
A real feature of the pub is the recently opened south facing beer garden which extends to approximately 80 ft and offers a further 60 or so covers on bench and picnic table seating. The garden, which is held under a separate lease term to the pub, has had new railings and exterior lighting installed and also benefits from permission to erect a 12ft serving kiosk which would be Free of Tie. Together with the large garden, there are also patio areas to the front and rear of the pub providing extra seating and a smoking area. All of the external areas are licenced for alcohol.


BUSINESS:
The pub has been in the same ownership for approximately 22 years and is run by the current owner with the assistance of a long-standing Manager and casual bar/kitchen staff. The pub has a traditional feel, serving a range of beers, guest ales, ciders wines and spirits.

The vast proportion of turnover currently comprises wet sales and we would consider that there is huge potential to increase turnover by focusing on the food menu. The pub regularly hosts live music nights and pub quizzes and has an established clientele base.

Full accounting, licence information etc is available to serious applicants upon request.


TERMS:

Lease:
The premises are subject to a 20 year lease from 2005 at a rent of £25,329 per annum. The lease is in the form of a Partial Tie to Star Pubs & Bars Limited (Heineken) for beers, ales and bottled beers.

The beer garden is held under a separate five year lease term from 1st January 2017. The first year is rent free, with increases of £500 per annum for each year thereafter.

Premium:
£55,000 for the leasehold interest, business, goodwill and fixtures and fittings (full inventory to be agreed). Stock at valuation.


VIEWING:
Strictly by appointment with Spratt & Son

Property information

Property:

Leasehold

Leasehold Type:
Existing

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