8181L

• Excellent High St position within this sought after Hampshire village.
• Lounge Bar/Dining Area (circa 35) with carpeted floors, bar servery and feature fireplace.
• Restaurant (circa 30) offering parquet floors, bar servery, two feature fireplaces and wood panelling.
• Superb Function Room (circa 60) with bar servery, dance floor, carpets and feature fireplace.
• Four Bedroom Living Accommodation plus a One Bed Flat.
• Large Car Park and Patio Terrace Area.
• Advised turnover circa £300,000 (incl. VAT) for year ending 03/18 on 60% wet and 40% food.
• Beer only partially tied renewable lease.

Location

This lovely Village Inn, Restaurant and Function Facility is located on the High Street of Titchfield, Hampshire.

Titchfield is a village in southern Hampshire close to the River Meon. This historic village dates back to the 6th century and during the medieval period the village operated a port and market. Titchfield Abbey has a strong association with Shakespeare and its ruins are regularly visited.

The village forms part of the Borough of Fareham which is located to the east, to the south is Stubbington and Solent and to the west and north is Southampton and Swanwick respectively.

Just to the south of the village and on the shores of the Solent is Titchfield Haven Nature reserve where there is a harbour.

The village benefits from a lovely High Street offering a range of local and national shops and Titchfield also benefits from an excellent primary School.

THE PROPERTY

This traditional Grade II Listed Inn is of brick construction, under a pitched, tiled roof, occupying a central position within this popular Hampshire village.

The Lounge Bar/Dining Area (circa 35) is a traditional room benefitting from carpeted flooring, feature fireplace, exposed brick walls and bar servery area.

The Restaurant (circa 30) is a pleasant room offering parquet wood flooring, two feature fireplaces, bar servery and wood panelling.

The Function Room (circa 60) is a regularly used independent room that offers a bar servery area, carpeted flooring, dance floor, feature fireplace and air conditioning.

Ladies and Gents W.C.’s.

There is a Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces along with a Walk In Fridge.

The Ground Floor Cellar offers a python and cooler system.

OWNERS ACCOMMODATION

The owner’s accommodation is situated on the 1st floor and briefly comprises: Two Double Bedrooms, Two Single Bedrooms, Lounge, Fitted Kitchen, Bathroom and W.C.

There is also a One Bedroom Flat.

EXTERNAL

To the side of the property is a Patio terrace Area for 25 customers with a Smoking Solution.

To the rear of the building is a Large Car Park for 25-30 cars.

TRADING HOURS

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:

7 days per week 11am – 1.30pm

Current opening hours are:

Mon – Thursday Midday – 11pm

Friday Midday – 11.30pm

Saturday 11am – 11.30pm

Sunday 11am – 11pm

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.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 2 years remaining of the EI Group full repairing and insuring, renewable agreement. EI have confirmed they will offer a further 5 years to a suitable lessee. We are advised that the inn is free of tie for wines, spirits, soft drinks, ciders and 1 guest ale. We are informed that the rent is currently £35,280 per annum to be reviewed in 2021. 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 (no services seen or tested) and is heated by gas central heating. Business rates payable are advised as currently being circa £8,452 per annum.

THE BUSINESS

The current owners purchased the business in 2007 and have a good local trade along with a reputation for good pub food. Our vendors have a unique function facility that new operators will be able to exploit further.

The property is presented well and new lessees will benefit from a strong daily trade yet able to increase business with new ideas.

Advised turnover for year ending 03/18 is circa £300,000 (inc VAT) on a 60% wet and 40% dry trade basis.

Accounting information will be made available to interested parties after viewing.

Viewing appointments must be made by contacting Guy Simmonds at sales@guysimmonds.co.uk.

Details Prepared: December 2018