3 bedroom pub for sale

Portsmouth Road, Guildford, Surrey, GU2

£127,000

Property Description

Full description

Tenure: Leasehold

REF 7858 LEASEHOLD

IMPRESSIVE 16th CENTURY TRADITIONAL INN AVAILABLE FOR THE 1st TIME IN ALMOST 30 YEARS SITUATED ON THE OUTSKIRTS OF THE AFFLUENT AND HIGHLY DESIRABLE CATHEDRAL TOWN OF GUILDFORD, SURREY

Wonderful 16th Century Inn located on the outskirts of the prime location of Guildford.
Traditional Lounge Bar (circa 35), cosy Snug Bar (circa 15) and 2 inviting and relaxing Dining Rooms (circa 30 covers).
Wealth of charm and character throughout with open fires, beamed ceilings and oak floors.
Impressive 3 Bedroomed Family Accommodation.
Well-equipped Commercial Catering Kitchen.
Decked Patio and Patron's Car Park for circa 18 cars.
Advised current turnover circa 420,000 (incl. VAT).
Trade split circa 50% wet and 50% food. Immense potential for catering/events orientated operators.
Long Lease - approximately 19 years remaining on the Greene King partially tied renewable lease.

AN AMAZING OPPORTUNITY TO PURCHASE THIS EXTREMELY WELL ESTABLISHED BUSINESS AND FAMILY HOME OFFERING UNTOLD GROWTH POTENTIAL AND A WONDERFUL QUALITY OF LIFE IN AN ENVIABLE LOCALE

LOCATION
This outstanding business is situated on the outskirts of the highly desirable and affluent cathedral town of Guildford and can be easily reached from junction 10 of the M25. Situated close to Guildford town centre and the market town of Farnham with easy access to the A3, M25, M3, M40 and the M1 makes this highly desirable location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick. This delightful traditional inn is ideally situated to draw trade from Farnham and Guildford itself, and also attracts a desirable clientele emanating from the affluent nearby surrounding towns, villages and larger catchment areas situated within the Surrey Hills. Guildford, one of Surrey's most popular towns, is a highly desirable area for families and has many glorious circular walks within the numerous National Trust attractions. A compelling business opportunity and an enviable place to reside.

THE PROPERTY
This traditional Grade II listed inn, believed to be one of the oldest pubs in Surrey dating back to circa 1556 exudes a lovely cosy ambience and epitomises a typical English village inn.
Main entrance leading into the lobby with access into the Snug Bar.
Snug Bar (circa 15) is a cosy room having a return bar servery counter and is furnished with loose polished tables and upholstered pew style seating. There is also a lovely brick built feature fireplace with an inset log burner, a solid oak floor and a beamed ceiling.
Lounge Bar (circa 35) is a lovely traditional room exuding a welcoming ambience. There is a feature return bar servery which is complemented by a range of solid polished tables, polished poseurs, fixed upholstered perimeter seating, chairs and leather padded bar stools. Adding to the charm and character of the room is the feature brick built open fireplace, the solid oak floor, the beamed ceiling and timber pillars.
Dining Room 1 (circa 15 covers) is a lovely relaxing and inviting room and is furnished with solid polished tables, upholstered pew style seating and chairs. There is also a beamed ceiling.
Dining Room 2 (circa 15 covers) is a versatile room and is ideal for smaller private dining parties etc and is furnished with solid polished tables and chairs. There is also a brick built open fireplace (currently unused).
Catering facilities include a well-equipped Commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).
Lower Ground Floor Cellar with dray drop, pumps, python, barrel racks, post mix and cooler.

Ladies and Gents W.C.'s.
OWNER'S ACCOMMODATION
Situated on the 1st floor; being of a good size and presented in good decorative order briefly comprises: 3 bedrooms, lounge, kitchen, shower room and separate W.C.

EXTERNAL
There is a seating area at the rear with timber picnic benches plus a covered decked Patio Area with tables and chairs. Patron's Car Park for circa 18 cars. There is also access leading (via a tiered pathway) to additional car parking facilities. There is also a timber storage unit.

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 - Thursday - 10.00am - 12.30am
Friday & Saturday - 10.00am - 01.30am
Sunday - 11.00am - 11.30pm
The current opening hours are as follows:
Monday - Friday - 11.00am - 3.00pm & 5.00pm - 11.00pm
Saturday & Sunday - 11.00am - 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 19 years remaining of the Greene King full repairing and insuring, renewable agreement. We are advised that the inn is partially tied to draught beers and bottled beers ONLY. We are informed that the rent is currently 32,000 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 heating (no services seen or tested). Business rates payable are advised as currently being circa 12,000 per annum.

THE BUSINESS
Our vendor clients operate this excellent business as a 'husband and wife' team on a full time basis with the assistance of 2 full time and 19 part time/casual staff. Trade is currently derived from circa 50% wet and 50% food sales, thereby providing tremendous scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation to elevate this business to the next level by expanding the current food offering and by also focussing on a strategic marketing campaign to promote the diversity of the premises to cater for private parties and wakes etc, for which there is huge demand within the locale. This is truly an extremely rare and outstanding opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City or even as an additional income stream whilst commuting.
Advised current turnover circa 420,000 (incl. VAT). This delightful inn is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed operator 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

  • Guildford (0.7 mi)
  • Shalford (1.0 mi)
  • London Road (1.2 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.

Street View

Nearest stations

  • Guildford (0.7 mi)
  • Shalford (1.0 mi)
  • London Road (1.2 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 7858. 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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