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The Old Drum, 16 Chapel Street, Petersfield, GU32 3DP

Guide Price
£695,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Pub for sale

Key features

  • Bid Deadline - 1st May 2025
  • Bar area (50), Library room (20)
  • Six en suite bedrooms
  • Site Size: 0.29 acres, GIA 361 Sqm
  • Outdoor area (60), EPC:C
  • Includes a detached rear barn
  • Christie & Co Ref: 3858280

Description

Description

The Old Drum Inn's ground floor layout is designed to meet aesthetic and practical needs, providing a smooth operational flow for the staff. The trading areas are thoughtfully arranged around a new central bar servery, offering a flexible setup to accommodate up to 50 covers. Additionally, a distinct library room serves dual purposes; it is not only a lounge area for residents but can also be transformed into a private dining space for up to 20 covers.

The 16th Century pub benefits from traditional but modern amenities, such as wooden beams, open fires, and outdoor seating. The bar servery has recently been refurbished with seating surrounding it and it interconnects to a smaller snug room with a wood burner. On the first floor there are six beautifully designed letting bedrooms, all en suite, four double rooms, one single room, and one family room.

Each room is uniquely decorated and equipped with high-quality amenities, including Egyptian cotton sheets, high-end showers, Nespresso coffee machines and complimentary Wi-Fi. Additionally, a spacious private apartment features a large double bedroom and an expansive kitchen/living room area. This apartment offers potential for subdivision into two additional letting rooms, subject to planning permission.

Location

Situated in the heart of Petersfield, The Old Drum Inn is located in a prime position in the town centre. Petersfield is a sought-after residential area known for its affluent clientele and picturesque setting. The town boasts a bustling traditional market and a variety of local amenities, making it an ideal spot for residents and visitors seeking a blend of rural charm and urban accessibility.

Fixtures & Fittings

All trade fixtures and fittings are included in the sale with the exception of some personal effects and third party items. A inventory will be provided to perspective purchasers upon acceptance of an offer.

Letting Accommodation

Boasts six stunning en suite letting suites, ensuring a comfortable and luxurious stay for guests.

External Details

The Old Drum Inn's garden is a standout feature that sets it apart from its competitors in the town. This substantial and attractively paved outdoor area is currently set up to accommodate 60 covers, with additional space for standing guests. The versatility of this garden space is further enhanced by the permission granted for a pizza van to operate within it, adding an appealing dining option for patrons.  

The Opportunity

The Old Drum Inn trades as a high-quality pub with bed and breakfast amenities, complemented by a bar and specialty coffee shop. The business model is further diversified with the inclusion of a pizza van operating in the garden, offering an additional dining experience for guests. While the restaurant sometimes serves a limited menu, the kitchen is not regularly staffed, allowing the focus to remain on the bed and breakfast and bar services. This approach establishes The Old Drum Inn as a distinctive hospitality entity, blending comfortable lodging with a relaxed yet quality food and beverage experience. Trading information is available upon request and subject to status.

Staff

The business is run by a full complement of staff who are subject to TUPE and will transfer with the business.

Planning Permissions

The public house is not a Listed building but it is situated in Petersfield Town Centre Conservation area. The public house currently holds ‘Sui Generis’ drinking establishment consent.

Tenure

The Old Drum Inn is offered on a freehold basis, as a Transfer of Going Concern (TOGC) applicable. All fixtures and fittings (less personal items) currently in place within the establishment are therefore included in the sale offering an immaculate turnkey business for an enterprising owner operator.

Business Rates

The subject property is entered in the 2023 Central Rating List with a Rateable Value of £23,000.

Regulatory

The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the pub is permitted to sell alcohol on Monday to Saturday 9am - 12am and Sunday 9am - 11pm.

This licensing arrangement ensures that The Old Drum Inn can cater to its guests' needs for a wide range of hours throughout the week, enhancing its appeal as a hospitable and flexible venue for both locals and visitors.

Energy Performance Certificates

EPC 1

Brochures

The Old Drum, 16 Chapel Street, Petersfield, GU32 3DP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Petersfield Station0.2 miles
  • Liss Station3.4 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 3858280-fh. 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 Christie & Co, Pubs & Restaurants. 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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