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UNDER OFFER

The Squirrel Inn, Hurtmore Road, Hurtmore, Nr Godalming, GU7 2RN

Offers in Excess of
£100,000

Business rates & charges may apply

Christie & Co, Winchester
SECTOR
Pub for sale

Key features

  • Bar (35 covers) & restaurant (52 covers)
  • 8 en suite letting rooms, GIA 477 sqm
  • 5 bedroom owner/managers accommodation
  • T/O £502,410, EBITDA £43,808 Y/E March 2019
  • Parking for 30, Set in two acres, FOT Lease
  • Trade garden (100+ covers), Energy Rating C
  • Christie & Co Ref: 3858196

Property description

Tenure: Leasehold

Description

The Squirrel Inn is a substantial detached property with eight letting rooms set in approximately two acres. The property comprises 85 internal covers, five-bedroom owner's/manager's accommodation and parking for 30 cars.

The business has a strong reputation for locally sourced food and a diverse selection of real ales from across the country. The letting rooms have been created from refurbished 16th-century cottages with which boast beautiful character features. The outside dining areas include a covered veranda, bandstand and tiered gardens with children's play area.

Having owned the pub since 2011 the current owners are looking to semi-retire and look after elderly parents.

For further details see the business' website.

Location

The Squirrel Inn occupies a highly prominent location just of the A3 in the village of Hurtmore, two miles northwest of Godalming and four miles southwest of Guildford.

Ground Floor

Open plan bar area (c. 35 covers) with central wooden bar servery, restaurant & conservatory (c. 52 covers), commercial kitchen, ground floor beer cellar, range of ancillary store areas, ladies & gentlemen's WC's, and staff toilets.

Fixtures & Fittings

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

Tenure

The property is held on the residue of a 20-year free-of-tie, fully repairing and insuring lease from Wellington Pub Company which commenced in 2011. The headline rent is £80,018 per annum and the next rent review is in August 2026. The lease has recently been extended by 5 years to 2036.

Letting Accommodation

Eight en-suite letting bedrooms located in detached former cottages, comprising five doubles and three singles which let from £55 per night.

Owner's Accommodation

Five bedroom owners/staff accommodation with the potential to convert to additional letting accommodation (STPP) with storeroom, office, and toilet.

Staff

The business is run by a "hands on" owner-operator with the support of a full complement of staff who are subject to TUPE and will transfer with the business.

Trading Information

Trading figures for the year-end 31 March 2019 show a net turnover of £502,410, gross profit margin of 68%, and an EBITDA of £43,808.

The business currently runs on a trade split of 41% food, 39% wet, and 20% accommodation.

Trading Hours

Monday -Saturday: 11:30am-11pm
Sunday: 12pm-10pm

Planning Permissions

A4 Drinking Establishments - Public Houses.

Business Rates

The rateable value is £37,250 as of April 2017.

Regulatory

Premises Licence.

Energy Performance Certificates

EPC 1

Brochures

The Squirrel Inn, Hurtmore Road, Hurtmore, Nr Godalming, GU7 2RN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Godalming Station1.3 miles
  • Farncombe Station1.6 miles
  • Milford Station2.5 miles

About Christie & Co, Winchester

Star Lane House Staple Gardens Winchester, SO23 8SR

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 disco

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Notes

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Disclaimer - Property reference 3858196-lh. 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, Winchester. 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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