7 bedroom pub for sale

HAMPSHIRE

Sold STC £25,000

Property Description

Key features

  • Imposing 20th Century Inn located in the highly desirable and affluent location of Alton.
  • Welcoming Lounge Bar (circa 40), inviting Public Bar (circa 35), versatile Function Room (circa 40).
  • 5 Immaculate En-suite Letting Bedrooms.
  • Impressive 2 Bedroomed Owners Accommodation.
  • Presented in excellent condition having been refurbished and modernised throughout.
  • Fully equipped Commercial Catering Kitchen.
  • Rear courtyard and licensed seating area at the front.
  • Advised turnover for YE March 2015 circa 430,000 (incl. VAT). Current sales consistent with 2015.
  • Trade split circa 90% wet, 5% food and 5% lettings. Immense potential for catering/functions orientated operators.
  • Long Lease - approximately 17 years remaining on the Enterprise Inns renewable lease.

Full description

Tenure: Leasehold

Ref 7721 LEASEHOLD

A GOLDEN AND EXTREMELY RARE OPPORTUNITY TO PROCURE AN ESTABLISHED AND SUCCESSFUL LIFESTYLE BUSINESS OFFERING TREMENDOUS GROWTH POTENTIAL

LOCATION
This outstanding business is situated in the highly sought after and historic market town of Alton in the glorious county of Hampshire and can be easily reached from the A31/A32 near Alton.
Situated within the commuter belt being approximately ONLY 40 miles from the capital city of London and also having excellent road communications, providing easy access to the M25, M3 and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick.
This traditional inn is ideally situated to draw trade from Winchester, Basingstoke, Farnham and Alton itself and also attracts a desirable clientele emanating from the affluent nearby surrounding towns and villages and has an excellent level of repeat trade. A compelling business opportunity and an enviable place to reside.

THE PROPERTY
This substantial and impressive inn occupies an excellent prominent and easy accessible trading position. Main entrance at the front leading into the lobby with access in to the Lounge Bar and Public Bar.
Public Bar (circa 35) is a good inviting room having a feature return bar servery and is well furnished with an eclectic range of tables, upholstered chairs, upholstered perimeter seating, bar stools and bar chairs. Adding to the charm of this room is the feature brick built open fireplace and the solid oak floor. There is also an additional open fireplace (currently unused). Access to the Courtyard.
Lounge Bar (circa 40) exuding a wonderful welcoming and comfortable ambience, having a return bar servery and is well furnished with an eclectic range of tables, upholstered chairs, leather sofas and armchairs. Adding to charm and character of the room is the feature open fireplace and the sold oak flooring.
Function Room (circa 40) is a versatile room, ideal for private parties, wakes and meetings etc. There is a return bar servery and is furnished with tables and chairs. There is also a dance floor area and a vaulted ceiling.
Catering facilities include a fully equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). There is also a dry goods store room.
Lower Ground Floor Cellar with dray drop, pumps, python, tilt racks, post mix and cooler.
Ladies, Gents and Disable W.C.'s

LETTING ACCOMMODATION
Situated on the 1st floor offering good sized rooms, presented in excellent decorative order and briefly comprises: 5 bedrooms - all with en-suite facilities, T.V and tea/coffee making facilities.

OWNER'S ACCOMMODATION
Situated on the 2nd floor offering good sized rooms and presented in excellent decorative order and briefly comprises: 2 bedrooms with W.C's, lounge, fitted kitchen, office and bathroom.

EXTERNAL
There is a paved Courtyard at the rear with tables and chairs and a covered designated smoking area. There is also a licensed seating/drinking area at the front. There is a private yard with 2 timber storage sheds and an additional storage unit at the end of the Function Room. Private parking for 2/3 cars.

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:
Sunday - Wednesday - 10.00am - 11.30pm
Thursday - Saturday - 10.00am - 12.30am

The current opening hours are as follows:
Sunday - 11.30am - 10.30pm
Monday - Wednesday - 11.30am - 11.00pm
Thursday - Saturday - 11.30am - 01.00am

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 is offered for sale as a lease assignment with approximately 17 years remaining of the Enterprise Inns full repairing and insuring, renewable agreement. We are advised that the inn is partially tied for draft and bottled beers. We are informed that the rent is currently circa 35,000 per annum. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services and uses gas fired central heating (no services seen or tested). Business rates are advised as being circa 12,427 per annum.

THE BUSINESS
Our vendor clients operate this excellent business as a 'husband and wife' team on a 'part time' and 'hands-off' basis respectively with the assistance of 2 full time and 6 part time staff. Trade is currently derived from circa 90% wet sales, 5% letting sales and 5% food sales. Whilst emulating the current business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a catering/lettings/events orientated operation to take this business to the next level by exploiting the obvious food and functions potential here. There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc and also focussing on online booking agents to promote the superb letting accommodation. In addition there is further potential to facilitate 'early doors' to provide the high level of passing trade breakfast and tea/coffee etc; all of which would have an incredible positive impact on the turnover and profits. Advised sales for YE March 2015 circa 430,000 (incl. VAT). This popular inn is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect fully focussed and fully committed operators to achieve a turnover well in excess of 500,000 (incl. VAT).
Accounting information will be made available to interested parties after viewing.
This business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.
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

  • Alton (0.5 mi)
  • Bentley (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 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

  • Alton (0.5 mi)
  • Bentley (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 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 7721. 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, National Licensed Property Agents. 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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