8421L

A SUBSTANTIAL COMMUNITY FUNCTION VENUE, RESTAURANT AND BAR OPERATING ON DRAMATICALLY REDUCED TRADING HOURS OFFERED EITHER FREEHOLD OR NEW ‘FREE OF TIE’ LEASE, SITUATED IN THE POPULAR TOWN OF ALDERSHOT, HAMPSHIRE

8421L


  • Imposing and substantial community Restaurant and Pub 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.
AN INCREDIBLE OPPORTUNITY TO PROCURE A SUPERB BUSINESS PROPOSITION AND HOME OFFERING MASSIVE GROWTH POTENTIAL


ASKING PRICE £399,000 FREEHOLD OR £15,000 ‘FREE OF TIE’ LEASE BOTH TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This substantial freehold freehouse is situated in the bustling 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 business 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.

THE PROPERTY

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

OWNERS ACCOMMODATION

Situated on the 1st floor and briefly comprises: 5 bedrooms and a bathroom. There is a domestic kitchen situated on the ground floor.

EXTERNAL

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.

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:

Monday – Saturday – 11.00am – 11.00pm

Sunday – 11.00am – 10.00pm

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.

GENERAL REMARKS

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:

The asking premium will be £15,000.

The initial annual rent will be £20,000

The annual rental is simply RPI linked to inflation every 3 years, hence no rent reviews.

Rent payable monthly in advance.

Deposit equivalent to 3 months’ rent.

Lease re-assignable after initial 2 year period.

Free of all brewery and supply ties.

Each party responsible for own legal costs relating to the transaction.

Satisfactory references will be required on behalf of our vendor client.

We are advised that our vendor client may 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.

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 currently being £0 per annum.

THE BUSINESS

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 further by focussing on a strategic and extensive marketing campaign to 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 an excellent opportunity for either an owner operator to re-build the business or for a commercial investor to enhance their existing portfolio.

No accounting information available.

Helen Russell is dealing with this sale and would be delighted to discuss further details and can be contacted on 07968 376590.

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

All personal viewings undertaken must adhere to the evolving Covid-19 Government Guidelines.

Details prepared: February 2022

ADDITIONAL IMAGES

8421L

8421L

8421L

8421L

8421L

8421L

8421L

8421L

8421L