3 bedroom pub for sale

Hampshire

Sold STC £79,950

Property Description

Full description

Tenure: Leasehold

REF:7630 LEASEHOLD

'NEW FOREST' INN LOCATED IN THE HEART OF THE VERY AFFLUENT TOURIST 'COASTAL' MARKET TOWN OF NEW MILTON, HAMPSHIRE WITH HIGH TURNOVER AND CONSIDERABLE FURTHER POTENTIAL

◾Splendid main road position within the highly popular New Forest region of Hampshire.
◾Welcoming Lounge Bar/Dining Area (circa 60) with wood and carpeted floors and bar servery.
◾'Locals' Public Bar (circa 30) with open fireplace, pool table and darts throw.
◾Lucrative Function Room/Restaurant (circa 50) with beams, wood floors, bar server and doors to garden.
◾Superb Trade Gardens with Children's Play Area offering seating for approx. 100 customers.
◾3 Bedroom Living Accommodation.
◾Large Car Park and Commercial Catering Kitchen.
◾Advised turnover for y/e 03/15 was 601,032 (inc vat) split 93% wet and 7% food.
◾8 yrs left on an Enterprise Inns lease with a rent of 63k on a partial tie agreement.


A VERY BUSY AND WELL PRESENTED INN OFFERING A SOLID TRADE BASE ALONG WITH HUGE POTENTIAL FOR FURTHER CATERING TURNOVER

LOCATION

This thriving, substantial and excellently positioned Inn is located on Station Rd, New Milton, Hampshire.
New Milton is a popular coastal market town in South West Hampshire, within the highly sought after New Forest National Park.
The town is approximately 6 miles west of Lymington and 12 miles east of Bournemouth.
The coastal village of Barton On Sea is a suburb of New Milton and is particularly well known for its geological content, being home to many fossils and its scenic cliff top golf course.
Other attractions nearby is the Sammy Miller Motorcycle Museum and the Forests Arts Centre.

THE PROPERTY

This New Forest Inn is of brick construction, under a pitched, tiled roof, occupying an excellent prominent position within the affluent Hampshire town of New Milton.

The Function Room/Restaurant (circa 50) is located to the rear of the property and is a lucrative and unique multi-purpose area benefitting from a bar server, wood floors, beams and its own garden area.

The Lounge Bar/Dining Area (circa 60) is a lovely traditional bar area with wood and carpeted flooring, spacious bar servery area and a mix of leather and wooden furnishings.

The Public Bar (circa 30) is an area for the 'locals' offering a mix of wood and tiled flooring, open fireplace, bar server, pool table and darts throw. This area is home to 2 pool teams and 2 darts teams.

The Ground Floor Cellar benefits from coolers and python system.

Ladies and Gents W.C.'s + disabled facilities.

There is a large commercial catering kitchen with stainless steel appliances and work surfaces (appliances not tested) with a separate wash up and walk in fridge.

OWNER'S ACCOMMODATION

The owner's accommodation is situated on the 1st and 2nd floors and briefly comprises: Three Double Bedrooms (one en-suite), Lounge, Kitchen, Bathroom and W.C.

EXTERNAL

To the side and rear of the business is a delightful Beer Garden with 20 wooden benches and a Children's Play Area offering seating for approx. 60. There is a further enclosed Garden Area used primarily for the Function Room.
To the rear of the business is a large car park for 40 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:

Sun - Thurs 9am - Midnight
Fri - Sat 9am - 1am

Current opening hours are:

Mon - Thurs 10.30am - 11pm
Fri - Sat 10.30am - 1am
Sunday 11am - 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 is offered for sale as a lease assignment with approximately 8 years remaining of the Enterprise Inns' full repairing and insuring, renewable agreement. We are advised that the business is free of tie for wines, minerals and bottled beers and ciders. We are informed that the rent is currently 63,000 with the next review in 2018. 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 all mains services (no services seen or tested). We are advised that the Business Rates payable are approx. 22,000 per annum.

THE BUSINESS

The current owner purchased the business in 2013 and has run the business under management for the last year. The business is already very busy yet could increase turnover dramatically with further growth on the food. Although this business is located in a lovely tourist area it benefits from a strong all year round trade.
We are advised that the turnover for year ending 03/15 is 601,032 (inc vat) with a trade split of 93% wet and 7% food.
This property offers a wonderful opportunity to have a lovely quality of life within a stunning town along with offering a highly profitable business that is well established.
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

Nearest stations

  • New Milton (0.4 mi)
  • Hinton Admiral (2.6 mi)
  • Sway (3.0 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

  • New Milton (0.4 mi)
  • Hinton Admiral (2.6 mi)
  • Sway (3.0 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 7630L. 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.