Pub for sale

The Blacksmiths, Selsey Road, Donnington, West Sussex, PO20 7PR

Guide Price £795,000

Property Description

Commercial information

  • Business for sale

Key features

  • Picturesque location, Grade II Listed
  • Bar/restaurant and private dining (68 covers)
  • Currently closed, 3 en suite letting rooms
  • Historic net turnover 635,595 Y/E Dec 2018
  • Extensive trade garden (60 covers)
  • Parking for 25, Energy Rating C
  • Christie & Co Ref: 3858174

Full description

Tenure: Freehold

Description

A Grade II Listed, two storey detached building situated within a good size plot, briefly comprising 68 internal covers, three letting rooms, large trade garden and 25 private parking spaces.

The business has been under the same ownership since July 2013, during which time it has been completely renovated having previously been closed. The pub now has a contemporary feel with cosy wood fires, traditional pub fare with a gourmet twist and three beautiful and uniquely decorated letting bedrooms.

The business has been run under management and benefited from the strong passing trade in and out of the outskirts of Chichester town centre, as well as its close proximity to Southbarns Wedding venue, which provides trade all year round.

Website:

Location

The Blacksmiths is situated in a highly prominent roadside position, outside the affluent village of Donnington, West Sussex.

The village lies on the B2201, two miles south of Chichester and 17 miles east of Portsmouth. It is also in close proximity to both the South Downs National Park and Chichester Harbour Area of Outstanding Natural Beauty.

This countryside inn benefits from beautiful countryside views and is a two minute walk from Chichester Canal towpath, just over two miles from Chichester Cathedral, and three miles from Chichester Festival Theatre.

Internal Details

Comprising an open plan bar (28 covers), restaurant (30 covers), private dining room (10 covers), commercial kitchen, ladies and gentlemen's toilets, disabled toilet, and a central wooden bar servery.

Fixtures & Fittings

We are advised that fixtures and fittings are included within the purchase price with the exception of some personal effects. An inventory will be provided to prospective purchasers.

Tenure

Freehold with vacant possession.

Letting Accommodation

Three contemporary style en suite letting rooms:

The Barn Owl Room - double bedroom and en suite bathroom with bath and shower - room can accommodate a child bed.
The Lapwing Room - double bedroom and en suite bathroom with bath and shower.
The Skylark Room – double bedroom and en suite bathroom with shower and toilet.

External Details

To the rear of the property is an extensive garden and patio area with separate bar servery with outdoor seating for 60 covers.

Parking for 25 vehicles, to the side of the property with bike stands.

Trading Information

Trading figures for the year-end 31 December 2018 show a net turnover of £635,595, a gross profit margin of 65%, and an adjusted net profit of £45,943.

The business ran on a trade split of 51% food, 35% wet, and 14% accommodation, with the letting rooms charging between £130-£150 per night, including breakfast.

Trading Hours

Monday to Saturday: 11am-11pm
Sunday: 11am-6pm

Planning Permissions

A4 Drinking Establishments - Public Houses.

Business Rates

The rateable value is £36,250 as of April 2017. The National Multiplier for England and Wales for 2017/18 is £0.479.

Regulatory

Premises Licence. Any prospective purchaser must have a Personal Licence and apply for transfer of Premises Licence at their own expense.

VAT at the prevailing rate may be charged on 90% of the purchase price where there is living accommodation.


More information from this agent

Nearest stations

  • Chichester (1.8 mi)
  • Fishbourne (2.4 mi)
  • Bosham (3.4 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • Chichester (1.8 mi)
  • Fishbourne (2.4 mi)
  • Bosham (3.4 mi)
Distances are straight line measurements from centre of postcode

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