16 bedroom pub for sale

HAMPSHIRE

£84,950

Property Description

Full description

Tenure: Leasehold

REF:7846 LEASEHOLD



A HIGHLY IMPRESSIVE AND EXCEPTIONAL 19th CENTURY PRIVATE 'FREE OF TIE' TRADITIONAL VILLAGE INN SITUATED IN THE HIGHLY DESIRABLE AND AFFLUENT LOCATION OF SHALDEN, HAMPSHIRE


Attractive and substantial village inn situated in the prime location of Shalden

Welcoming Public Bar (circa 30), relaxing Lounge Area (circa 5), versatile Restaurant (circa 26 covers) and a good sized Function Room with Skittle Alley (circa 55)

Impressive three bedroomed owner's accommodation

Fully equipped Commercial Catering Kitchen

Presented in excellent decorative order throughout

Advised current turnover circa 300,000 (incl. VAT)

Trade derived from circa 40% wet and 60% food sales. Immense potential for catering/events orientated operators

Private 'FREE OF TIE' lease

13 Letting Bedrooms currently being constructed which will have an immensely positive direct impact on the turnover and profits




A TRULY GOLDEN OPPORTUNITY TO PROCURE AN ESTABLISHED AND SUCCESSFUL LIFESTYLE BUSINESS AND HOME OFFERING TREMENDOUS GROWTH POTENTIAL

LOCATION

This outstanding business is situated in the highly sought after village of Shalden in the glorious county of Hampshire and can be easily reached from the A31 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 village inn is ideally situated to draw trade from Winchester, Basingstoke, Farnham and Alton 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 19th century inn occupies an excellent prominent and easy accessible trading position.

Main entrance at the front leading into the Public Bar (circa 30) is a traditional room exuding a lovely welcoming ambience. There is a feature return bar servery with a solid polished oak counter and a mirrored back fitting with shelving and refrigerated bottle coolers (not tested).
The room is well furnished with a range of solid polished tables and a mix of upholstered chairs and upholstered bar chairs and stools.
Adding to the charm and character of the room is the delightful brick built open fireplace, the beamed walls and the solid oak floor. Access through to the Lounge Area and the Restaurant.

Lounge Area (circa 5) exuding a cosy ambience and is furnished with a leather sofa, leather tub chair and a table. Access to the Restaurant.

Restaurant (circa 26 covers) being a versatile room, offers an inviting and relaxing dining ambience and is well furnished with solid polished tables, upholstered chairs and upholstered perimeter seating.

Function Room (circa 55) is a good sized multi-function room having a full size Skittle Run and is furnished with loose polished tables and chairs. There is also a return bar servery. Access to the paved patio.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).
Lower Ground Floor Cellar with dray drop, pumps, python post mix and cooler.

Ladies and Gents W.C.'s.

OWNER'S ACCOMMODATION

Situated on the first floor, offering good sized rooms and briefly comprises: three bedrooms, lounge, kitchen, utility room and bathroom.

EXTERNAL

There is a good sized lawned Beer Garden (circa 150) at the side with timber picnic benches. There is also a seating/drinking area at the front with timber picnic benches and a covered designated smoking area. There is also a paved patio area at the rear with tables and chairs. Patron's parking facilities for circa 20 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:
Monday to Thursday: 11.00am - Midnight
Friday & Saturday: 11.00am - 02.00am
Sunday: Midday - Midnight

The current opening hours are as follows:
Monday to Sunday: Midday - 11.00pm

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 6 years remaining of the 'PRIVATE' full repairing and insuring, renewable agreement. We are advised that the inn is 'FREE OF TIE'. We are informed that the rent is currently circa 28,000 per annum (incl. VAT).
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 6,000 per annum.

THE BUSINESS

Our vendor clients operate this excellent business as a 'husband and wife' team on a part time basis with the assistance of 3 full time and 8 part time members of staff. Trade is currently derived from circa 40% wet and 60% food sales.
Whilst emulating the current successful business model; there is still tremendous potential for a new full time hands-on owner operator partnership with previous experience of running a events/catering orientated operation to take the business to the next level by exploiting the obvious food potential that is to be found here.
There are many additional areas of potential to increase sales and profitability; especially when the construction of 13 letting bedrooms is completed and also by implementing a strategic marketing campaign to utilise the premises for private parties, wakes and functions etc. Advised current sales are circa 300,000 (incl. VAT).
This extremely popular village 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 400,000 (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 station

  • Alton (2.4 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 station

  • Alton (2.4 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 7846. 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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