8 bedroom pub for saleHAMPSHIRE
Ref 7832 LEASEHOLD
SUPERBLY PRESENTED PRIVATE 'FREE OF TIE' INN & RESTAURANT WITH LETTING BEDROOMS LOCATED IN THE NEW FOREST VILLAGE OF PLAITFORD, HAMPSHIRE
• An enviable location within the highly desirable village of Plaitford, on the edge of the New Forest.
• 5 beautifully presented En-suite Letting Bedrooms.
• Dining Area (circa 50) with French doors to the Garden, Restaurant (circa 20) and Lounge Bar (circa 40) with open fireplace.
• Well presented 3 Bedroom Living Accommodation.
• Wonderful Patio/Terrace Area (circa 40) and large Car Park for 30 cars.
• Turnover for y/e 10/12 was £395,133(incl VAT) with a trade split of 50% wet, 30% food & 20% letting.
• New 10 Yr 'Free of Tie' Lease with an initial rent of £30k per annum.
SUPERB OPPORTUNITY TO ACQUIRE THIS RARE NEW FOREST PRIVATE 'FREE OF TIE' PROPERTY WITH LETTING BEDROOMS
This delightful and imposing 15th Century coaching Inn is situated on the main A36, within the lovely village of Plaitford, Hampshire.
The Parish of Plaitford is situated 5 miles South East of Romsey and 10 miles South of Salisbury, between Wellow and the Wiltshire border on the edge of the very popular New Forest.
Plaitford Common is part of the New Forest Site of Special Scientific Interest and is owned by the National Trust.
The New Forest and surrounding areas are a tourism magnet with a huge number of visitors arriving at the many campsites, caravan parks, holiday homes and tourist attractions annually.
The stunning South Coast resorts of Bournemouth, Poole and Weymouth are all a short drive away.
This substantial Inn is an attractive and impressive 2-storey property of brick construction under a pitched, tiled roof occupying a superb prominent main 'A' road location.
The Lounge Bar (circa 40) is a lovely room with a large feature fireplace, large bar servery area, carpeted flooring and character features complemented by quality wooden furnishings and a pool table.
The Dining Area (circa 50) has been extended over the years and is now a substantial room with French Doors onto the lovely Courtyard Garden. The room benefits from carpets, beamed ceiling, bar servery, leather sofas and quality furniture.
Our freeholder is happy to invest in the property to the right lessee in creating a further letting bedroom and enhancing the trading areas.
The Ground Floor Cellar benefits from coolers, python system and racks.
Ladies and Gents W.C.'s with disabled facilities.
There is a fully equipped Commercial Catering Kitchen with stainless steel appliances and work surfaces (appliances not tested) with a separate wash up.
Situated on the first floor are 5 double/twin lucrative Letting Bedrooms all offering en-suite facilities and receiving a 4 star rating by the Tourist Board.
The Owner's Accommodation is situated on the 1st floor and briefly comprises: 3 Double Bedrooms (2 en-suite), Lounge, Office, Bathroom and W.C.
To the rear of the property is a delightful Patio Terrace Area offering seating for approximately 40 along with a decked smoking solution.
Opposite the property is a large Car Park for 30 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:
Mon - Thursday 11am - 11pm
Fri - Sat 11am - Midnight
Sunday Midday - 11pm
Current opening hours are:
Mon & Tuesday 6pm - 11pm
Sun, Wed & Thurs Midday - 11pm
Friday - Saturday Midday - Midnight
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.
The business is being offered with a New 10 Year Free of Tie FRI Lease Agreement that has the provision of the Landlord & Tenant Act 1954.
1. The asking premium will be £29,950 to include fixtures, fittings, goodwill and benefit of the Lease. Protected under the Landlord & Tenant Act (renewable).
2. The initial annual rent will be £30,000 for the 1st year, £37,500 for the 2nd year, & £45,000 for the 3rd year.
3. The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2-year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
We are advised that the inn benefits from all mains services (no services seen or tested). Business rates are advised as currently being circa £15,000 per annum.
The current freeholders have owned the property for approx. 10 years and have recently started to run the business themselves due to the last tenant having to release themselves from the business.
Our vendor clients have continued with the excellent reputation that this business has along with making significant improvements to the property.
This offers an ideal opportunity for owner operators to continue with the excellent reputation that this business has and benefit from the wonderful quality of life.
We are informed that turnover for y/e 10/12 was £395,133 (incl VAT) with a trade split of 50% wet, 30% food and 20% letting.
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)
To view this media, please visit the on-line version of this page at www.rightmove.co.uk/commercial-property-for-sale/property-44890416.html
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference 7832. 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.
Map data ©OpenStreetMap contributors.