Location
Fleet is a town and civil parish in the Hart District of Hampshire with a population of approximately 45,000 residents. It is located around 38 miles south-west of London and 16 miles south of Reading. The town benefits from strong transport links, being situated close to Junction 4A of the M3 motorway. Fleet railway station provides regular rail services to London Waterloo station, with journey times of approximately 40 minutes.
The Prince of Wales is located 0.5 miles south of the town centre and fronts Reading Road South (B3013) which has a daily traffic flow of around 17,000 vehicles. The surrounding area is primarily residential and includes Heatherside Infant School, Heatherside Junior School, and Fleet Methodist Church.
Property Description
Large two storey detached property of brick construction with a part rendered facade beneath a hipped roof with a number of additions
Accommodation
The ground floor comprises a front bar area accommodating approximately 30 covers, including a dedicated sports area, a separate side bar with capacity for around 30 covers, and a large restaurant area providing seating for approximately 70 covers.
Ancillary trade areas include a large catering kitchen with a wash up area, basement beer store and two sets of customer WC's (including disabled).
The private accommodation is located on the first floor and includes four bedrooms, bathroom, WC, office and a kitchen.
Externally, there is a seating area at the front of the pub for approximately 28 covers, along with a large rear trade garden, part of which is covered and includes a TV viewing area accommodating around 50 covers. There is also a patio area with seating for approximately 25 covers, 33 picnic benches within the grassed garden, and a children's play area.
Additionally, the property benefits from two car parks accommodating approximately 40 vehicles in total, as well as a large detached garage/store.
The building footprint is around 4,380 sq ft and the site sits on a plot size amounting to around 0.76 of an acre. Source: Nimbus Maps.
Tenure Comments
Leasehold. The premises are available either by way of a new sublease at a rent and terms to be agreed or an assignment of the existing lease which expires on 23/06/2039, subject to landlord's consent. The current passing rent is £106,000 plus VAT per annum.
Rental income receivable from the EV car charging points will be excluded from any subletting.
Planning and Development
We have made enquiries with the local authority and can confirm the property is not listed or within a Conservation Area. For further information please contact the local authority.
Services
We understand the property is connected to all mains services but any interested parties must rely on their own enquiries to confirm this.
Premises Licence
It is understood that the property currently possesses a Premises Licence.
Fixtures and Fittings
The sale of the property will include trade fixtures and fittings which are in the absolute ownership of the Seller and in situ on completion. Any branded or leased items and any items owned by third parties will be excluded.
Stock in Trade
The stock in trade is to be purchased additionally and at valuation to include dry and wet stocks and trade glassware.
TUPE
TUPE regulations may apply.
VAT
VAT is applicable on the sale of the property.
EPC
An EPC has been requested.
Viewings
VAT is applicable on the sale of the property. VAT may not be applicable if the purchase is structured as a qualifying TOGC.
