5 bedroom pub for sale

WEST SUSSEX

£129,950

Property Description

Full description

Tenure: Leasehold

Ref 8125 LEASEHOLD

FREE OF TIE LEASEHOLD INN WITH LETTING BEDROOMS & SUBSTANTIAL TURNOVER LOCATED IN THE DESIRABLE COASTAL VILLAGE OF PAGHAM, WEST SUSSEX, CLOSE TO GOODWOOD & CHICHESTER


Prominent roadside position within the lovely coastal village of Pagham, within a few miles of Bognor & Chichester.
Beautifully presented Restaurant (circa 60) with wood & carpeted flooring and feature fireplace.
Spacious Lounge/Public Bar (circa 60) with 2 open fireplaces, bar server and tiled & wood flooring.
3 Trade Gardens offering seating for 90 along with extensive Car Park for 50 cars.
3 Lovely En-Suite Letting Bedrooms (not utilised).
Well presented 1/2 bedroom self contained flat.
Advised turnover for y/e 03/18 £525,908 (inc VAT) trade split 70% wet & 30% food with a considerable potential to increase letting turnover.
New 20 Yr Free of Tie Lease Available.


WONDERFUL 'FREE OF TIE' INN WITH LETTING ACCOMMODATION CLOSE TO THE SOUTH COAST

LOCATION
This thriving 'free of tie' leasehold Inn and Bed & Breakfast has a prominent roadside position within the desirable coastal village of Pagham, West Sussex.
Pagham is a coastal village and civil parish in the Arun district of West Sussex. The village has evolved a great deal over the years and is now home to a varied residential population of about 5,500, proving popular with both families and retirement, with ease of access to commercial centres (Southampton and Portsmouth) and schools.
Pagham is on a coastal plain between the South Downs and the English Channel.
This lovely coastal village is a popular tourist destination, both as a seaside resort and as a base for viewing the many nearby attractions such as Pagham Harbour Nature Reserve and the South Downs. The nearby historical towns of Chichester and Arundel also draw many tourists during the year.

THE PROPERTY
This substantial inn is an attractive and impressive 2-storey property of brick construction under a pitched, tiled roof occupying a superb and prominent roadside position.

The Restaurant (circa 60) is a beautifully presented room offering a mix of wood and carpeted flooring, bar server, feature fireplace and doors to the decked terrace area garden area.

The Lounge/Public Bar/Dining Area (circa 60) is divided into two sections via the lovely open fireplace and consists of a large bar server area, tiled flooring, two open fireplaces, pool table and darts throw.

The Ground Floor Cellar benefits from coolers (one newly fitted), python system and direct access to both the kitchen and bar area.

Ladies and Gents W.C.

There is a Commercial Catering Kitchen with stainless steel appliances and work surfaces (appliances not tested) with a separate wash up and preparation areas.

OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st floor and briefly comprises: Double Bedroom, Lounge//Bedroom, Kitchenette and en-suite Shower Room.

LETTING ACCOMMODATION
Situated on the 1st Floor are 3 Double Letting Bedrooms all being offered in excellent condition and with En-Suite facilities.

EXTERNAL
There are 3 trade gardens in total with a rear Lawned Area with Patio and BBQ (circa 35), a Decked Terrace Area to the side for 25 and a Lovely Front Seating Area for 30.
Adjacent to the business is a large Car Park for 50 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 - Wed 11am - 11pm
Thurs - Sat 11am - Midnight

Current opening hours are:

Sun - Wed 11am - 11pm
Thurs - Sat 11am - 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.

GENERAL REMARKS
The business is offered for sale as a lease assignment with a New 20 Yr Agreement available from Wellington Pub Co, this will be a 'free of tie' full repairing and insuring, renewable agreement. We are advised that the business is free of tie for all products. We are informed that the rent is currently £63,000 with the next rent review due in Nov 2023. 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. (no services seen or tested). Business rates are advised as currently being circa £16,000 per annum payable.

THE BUSINESS
The current owners purchased the business in 2012 as a family concern and are offering the property in excellent condition throughout. Our vendors have made some lovely improvements and have enjoyed a lovely lifestyle over the past few years, in one of the most delightful villages in West Sussex.
This thriving business has an excellent turnover and benefits from a very favourable 'free of tie' agreement, yet offers scope to increase both the food and letting turnover.
We are advised that the turnover for year ending 03/18 is circa £525,908 (inc. VAT) with a trade split of 70% wet & 30% food.

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.

Details Prepared: July 2018

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

  • Bognor Regis (2.7 mi)
  • Chichester (4.1 mi)
  • Fishbourne (5.3 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 stations

  • Bognor Regis (2.7 mi)
  • Chichester (4.1 mi)
  • Fishbourne (5.3 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 8125L. 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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