Ref: 8219 leasehold
A substantial community Inn operating on dramatically reduced trading hours offered either Freehold or new 'Free of Tie' Lease, situated in the sought after town of Aldershot, Hampshire
Imposing and substantial community inn situated in the sought after location of Aldershot.
Traditional Public Bar (circa 20+) and a versatile Restaurant/Function Room (circa 60 covers).
Good sized 5 bedroomed owner's accommodation. Superb letting potential.
Catering Kitchen - requires re-fitting with commercial appliances.
Good sized enclosed lawned Beer Garden.
Operating on dramatically reduced hours - only open for pre-arranged functions.
Offered on new private free-of-tie 10 year lease or freehold option.
This substantial freehold freehouse is situated in the highly desirable town of Aldershot (twixt Farnborough and Farnham) and can be easily reached from junction 5 of the M3 motorway near Basingstoke. Situated close to the old English market town of Farnham with easy access to the M3, A3, M25, M23, M40 and M1, makes this highly desirable location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick.
This delightful community inn is ideally situated to draw trade from Farnham, Fleet, Farnborough and Aldershot itself and also from the nearby surrounding towns and villages. A compelling trade opportunity.
Main entrance at the front leading into the lobby with access into the Public Bar.
Public Bar (circa 20+) is a welcoming and traditional room having a feature return bar servery with a solid polished counter and a matching mirrored back fitting with trade optics, shelving and refrigerated bottle coolers (not tested) which is complemented by loose polished tables, fixed upholstered perimeter seating, upholstered mini stools and upholstered bar stools.
Access to the Restaurant/Function Room.
Restaurant/Function Room (circa 60 covers) is a good sized versatile and multi-functional room ideal for smaller weddings, private functions and parties etc. Furnished with a range of loose polished tables, upholstered perimeter seating and upholstered chairs. There is also a feature brick built open fireplace (currently unused).
Access to the Beer Garden.
Catering facilities include a Kitchen currently fitted with domestic appliances and will require re-fitting with commercial appliances and preparation surfaces.
Ground Floor Cellar with delivery access, pumps and python. There is also an additional room that is used for storage.
Ladies and Gents W.c's
Situated on the 1st floor and briefly comprises: 5 bedrooms and a bathroom. There is a domestic kitchen situated on the ground floor.
There is an enclosed lawned Beer Garden (circa 50+) at the rear and is furnished with timber picnic benches. There is also a paved patio area and covered designated smoking area.
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:
Monday - Saturday - 11.00am - 11.00pm
Sunday - 11.00am - 10.00pm
The current opening hours are as follows:
The business is currently only open for pre-booked and pre-arranged functions.
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.
The property and business is being offered for sale freehold (although we have not had sight of the title deeds) or as a new highly favourable 10 year Private Fri Lease Agreement as follows:
1. The asking premium will be £15,000.
2. The initial annual rent will be £20,000
3. The annual rental is simply rpi linked to inflation every 3 years, hence no rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
8. We are advised that our vendor client would be agreeable to insert an 'Option to Purchase' clause within the lease agreement, to enable the lessee to subsequently purchase the freehold element at a price to be mutually agreed.
9. 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 and uses gas fired central heating (services not tested). Business rates payable are advised as being £0 per annum.
Our vendor client operates this business for pre-booked and pre-arranged functions only thereby providing immense scope for a new hands-on operator partnership with previous experience of running a licensed premises/catering orientated operation to take this business to even greater heights by focussing on a strategic and extensive marketing campaign to further promote the premises and by simply opening the premises with standard trading hours which would see the turnover increase exponentially given the current limited business model. The current business model is for pre-arranged functions only due to our clients other non-related business commitments.
This is truly an incredible opportunity for either an owner operator to continue to re-build the business or for a commercial investor to enhance their existing portfolio. The asking price reflects the current trading foundation, the location and quality of fixtures and fitting, and of course not forgetting that this is an extremely substantial freehold property.
Accounting information will be made available to interested parties after viewing.
The property was viewed by Martin McConnell who would be delighted to discuss further details.
Viewing appointments must be made via Guy Simmonds.
Details Prepared: February 2019
Note: Size quoted is usually the Total Useful Floor Area taken from the EPC and is for guidance purposes only and no responsibility is assumed by Guy Simmonds for the accuracy.
If size stated =1m2, this is because no measurements are available at this time.
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.