8449L

• Traditional inn situated a suburb of the affluent and highly desirable commuter town of Redhill.
• Welcoming open plan Lounge Bar (circa 80 + standing) with open fireplace and multi-screens for showing live sport.
• 2 bedroom owner’s accommodation.
• 2 partially covered Drinking Areas at the rear of the building; Grassed beer garden with children’s slide; Patio to front.
• Commercial Catering Kitchen (not currently used).
• Advised sales for Y/E March 2022 circa £218,400 (incl. VAT).
• Trade 100% wet sales on limited opening hours.
• Great potential for catering orientated operators.
• Partially tied renewable lease.

Location

The business is located in the extremely popular Earlswood area of Redhill, which offers highly regarded schools, some picturesque walks, a park with a childrens play area and direct train links to London via Earlswood station which is adjacent to the pub.

The desirable market town of Redhill in Surrey has become more and more popular over recent years due its close proximity and easy commuter links into Central London which can be reached in 30 minutes. The area is ideal for families and young people alike as it has a wide range of local attractions and activities such as, the memorial garden with a beautiful orchard and sensory garden. Close-by is The Belfry shopping mall and The Harlequin Theatre, as well as a range of outdoor activities from country walks to golf and even obstacle courses.

Redhill is situated within the commuter belt being approximately 20 miles from the capital city of London and also having excellent road communications providing easy access to the M25, M23, M3, M4, M20, M40 and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow, Gatwick and Luton.

This business is a popular venue and is ideally situated to draw trade from Redhill itself and also to attract clientele from the nearby surrounding towns, villages and larger catchment areas.

THE PROPERTY

This locals’ inn occupies an excellent prominent position next to Earlswood Train Station, the Post Office, a Fish and Chip Shop, an Indian Restaurant and is in the middle of a residential area.

The trading area is open plan with a large Lounge Bar (circa 80 plus standing). This substantial room has a warm and relaxing atmosphere and has an open fireplace. The room is carpeted with upholstered perimeter seating, loose tables, chairs and stools.

The room also has a games machine, juke box, 4 flat screen T.V.s, a large projector TV screen and a darts throw.

There is a bar server of wood construction with 2 cask ale hand pulls and coffee machine to the back.

Ladies and Gents W.C.’s.

There is a commercial catering Kitchen that is not currently used (appliances not tested). There is also a lower-ground floor Cellar.

OWNERS ACCOMMODATION

The owner’s accommodation is situated on the 1st floor and briefly comprises: 2 double bedrooms, lounge, small office, kitchen and bathroom.

EXTERNAL

To the front of the building is a patio area with picnic benches.

Adjoining the rear of the building is a partially covered drinking area with tables and chairs.

To the rear of the building, there is a grassed beer garden with a children’s slide and 2nd covered drinking area with picnic benches. There is a patio area with picnic benches.

There is no car park, but on-road parking is available.

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:

Mon - Wed 11am to 12midnight

Thurs-Sat11am to 1am

Sunday 12noon to 12midnight

Current opening hours are:

Mon - Fri 3pm to 10.30pm

Saturday 12noon to 11pm

Sunday 12noon to 8pm

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 a Star Pubs and Clubs’ full repairing and insuring, renewable agreement. We are advised that the inn is free of tie for wines, spirits, soft drinks, alcopops and machines. We are informed that the rent is currently £44,300 per annum to be reviewed in 2024. 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 mains services (no services seen or tested). Business rates payable are advised as currently being circa £16,750 per annum.

THE BUSINESS

The current owner purchased the business in 2014 and has established a solid trading foundation with a loyal ‘wet’ sales clientele. The business is at the centre of the local community with 2 darts teams and the screening of live sports with subscriptions to BT Sports and Sky Sports.

We are advised that accounts declare takings of circa £218,400 inclusive of VAT for year ending March 2022 - 100% wet sales. The business used to serve food prior to the covid-19 epidemic.

New owners could may wish to take the business to the next level by exploiting the obvious food potential and attracting additional lunchtime trade by extending the opening hours.

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

This business was viewed by Helen Russell who would be delighted to discuss further details and can be contacted on 07968 376590.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.

Details Prepared: March 2023