Public House Lease

Public House Lease

Hampshire/Surrey borders … centre of a busy rural village.  Easily spotted on your map just off the main A3 as it runs from London to Portsmouth. A fully licensed family managed traditional village inn of great merit - comfortably furnished and well decorated - offering the opportunity for enterprising new catering minded owners to expand and develop a busy catering trade alongside the present well established wet trade. Built as the village inn in 1850 or thereabouts it has space for 17/20 vehicles and an agreement to park a further 70 vehicles on the nearby church car park.

The substantial detached property has many character features with a very spacious main bar to the front, a central bar servery offering a fine selection of wines, beers and spirits, and four further small adjoining trade and dining areas for 34 covers  additional to the exceptionally fine – recently refurbished – [children’s play area (bouncy castle included)] - garden with capacity for 60 covers, serviced by a well positioned catering kitchen of a good size with stainless steel units and ample storage space. The rear patio includes a brick built barbeque set by the wooded barn type workshop/storage area. The traditional below-ground cellar is capable of holding over 50 barrels/kegs with space to spare.

Various out-buildings include a greenhouse in a private garden; and a detached garage.

There is planning permission in place for a large conservatory extension.

The accommodation includes one double bedroom, and one twin bedroom [previously used as letting rooms] with shared but separate, new shower room and toilet.   plus.....owner's home;- a private flat of one master bedroom, and one standard bedroom, large lounge, and private bathroom with bath and shower, hand washbasin and toilet. Except for the bathroom there are fitted carpets. There’s also a large first floor hallway cum office area, and large separate private dining kitchen. 400mm loft insulation is new.  Central heating is by gas.

The Holly Bush Inn is a base for five darts teams, two pool teams, as well as two local (Sunday) football teams.  We have found a demand to provide breakfast and open at 8.00am;- and we have a simple, yet interesting Pub Food Menu available at lunchtimes and during early evening ranging from snacks from £3.25 to £4.45 and Bar Meals from £7.95 to £11.50.   There is a popular - £9.95 for two courses - Sunday Carvery and some weeks 100 people are served.

Present trading is £308,000 (excluding vat)  includes 90% from wet sales and 10% from catering and hence scope to make it a lot more. The service functions offered include christenings, engagement parties, weddings, private parties, venues for meetings, funeral wakes … and the like. Being 200 yards from the church gate helps!

Please note under the Licensing Act you will need to hold the relevant qualification to continue running as a public house.  You’ll also need advice on other aspects including new Premises Licence, your operating schedule and your council’s licensing policy.

The Lease from Punch Taverns PLC is for a period of 20 years from April 2004 with present rent of £45,000 p.a. with reviews after each five year period.  There is presently a tie for beers and cider.

Reasonable offers around £99,000 will be accepted for the lease together with goodwill, fittings, furnishings and equipment with stock in trade and glassware at valuation.