4 bedroom pub for sale

HAMPSHIRE

£450,000

Property Description

Full description

Tenure: Freehold

Ref 7727 FREEHOLD


SUBSTANTIAL AND DETACHED BUSY WET LED FREEHOLD PUBLIC HOUSE SET ON A PROMINENT PLOT OF LAND WITHIN THE DISTRICT OF NORTH END, PORTSMOUTH, HAMPSHIRE



Prominently positioned and thriving business set close to the ferry docks of Portsmouth, Hampshire.

Extensive and traditional 'U' shaped Lounge and Public Bar (circa 100) benefitting from wood flooring, large bar server, open fireplace, pool table and 2 darts throws.

Car Park for 10 cars.

Patio Terrace Seating Area (circa 50).

Superb Development Opportunity (STPP).

Well known Live Music Venue.

Spacious 4 Bedroom Living Accommodation.

Advised turnover for y/e 11/15 is 471,999 (incl. VAT) on a trade split of 80% wet and 20% food.

WELL POSITIONED AND THRIVING FREEHOLD PUBLIC HOUSE


LOCATION
This substantial and detached Freehold Inn is situated on Kingston Crescent, Portsmouth, Hampshire. The successful business and property is located just off the M275 road leading into the city along with being close to the ferry crossing entrance.
Portsmouth is the 11th largest city in England with a total population of 442,252, according to the 2001 census.
A significant naval port for centuries, Portsmouth is home to the world's oldest dry dock still in use and home to many famous ships including Nelson's flagship HMS Victory.
The seafront has undergone significant development over the last few years including the impressive Spinnaker Tower on the stunning Gunwharf Quays.


THE PROPERTY
This substantial inn is of brick construction, under a pitched, tiled roof, occupying an excellent prominent position on Kingston Crescent, Portsmouth.

The 'U' Shaped Lounge/Public Bar (circa 100) is a spacious and traditional room with a good range of furnishings. This expansive bar area benefits from an open fireplace, large bar server, solid wood flooring, high ceilings, pool table and two darts throws.

The room is home to 5 Darts teams, a pool team and regular Live Music events.

There is a Lower Ground Floor Cellar offering a python system and coolers.

Ladies and Gents W.C.'s.

There is a semi Commercial Catering Kitchen offering stainless steel appliances (not tested) and work surfaces.

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st and 2nd floors and briefly comprises: Three Double Bedrooms, Single Bedroom, Lounge, Dining Room, Fitted Kitchen, Bathroom, W.C and Office.

EXTERNAL
To the front of the building is a lovely terrace patio area offering seating for approximately 50 customers along with a smoking shelter.

To the front of the property is a car park for 10 cars that the business has exclusive use of but is owned by the local authorities.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun - Thurs 10am - Midnight
Fri - Sat 10am - 1am

Current opening hours are:

Mon - Thurs Midday - 11.30pm
Friday Midday - 1am
Saturday 10am - 1am
Sunday Midday - 11pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.


GENERAL REMARKS
The business and property is being offered for sale freehold (although we have not seen sight of the title deeds).

We are advised that the inn benefits from all mains services with Gas Heated Central Heating (no services seen or tested). We are advised that the Business Rates payable are approx. 4000 per annum.

THE BUSINESS
The current owners purchased the property and business in 1994 and have enjoyed their 22 years at the business.

The property is being offered in good condition throughout and has potential with the introduction of further catering.

The business is thriving with a high turnover and barrelage and is competitively priced.

This extensive property has the potential for development (STPP).

We are advised turnover for y/e 11/15 is 471,999 (inc vat) with a trade split of 80% wet and 20% dry.

Accounting information will be made available to interested parties after viewing.
This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.
Viewing appointments must be made by contacting Guy Simmonds

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.




Energy Performance Certificates (EPCs)

Nearest stations

  • Portsmouth & Southsea (1.1 mi)
  • Fratton (1.3 mi)
  • Portsmouth Harbour (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Portsmouth & Southsea (1.1 mi)
  • Fratton (1.3 mi)
  • Portsmouth Harbour (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7727. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds Business Transfers Limited , National Licensed Property. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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