Price: £ 225,000

LOCATION:  In the city with a good tourist industry which is the hub of several main road route a coastal trunk road connecting Eastbourne with Southampton and the river  Lavant  running through and partly beneath the city with several marinas and its related industries. The restaurant is well positioned within 15 minutes drive of the town centre.

DESCRIPTION:  A large detached 1775 grade II listed public house with a large beer garden and very large car park on approximately 2 acre land. There is a bar section in the front with the lounge and the main spacious restaurant (47.3 x 21.4) has 65 covers plus a function room (12.6 x 30.6) with a further 25 covers. At the rear is the ladies and gents wc’s and a fully fitted and equipped kitchen (36.4 x 11.1) with a wash up area (10.11 x 8.7). There is a dry store room (9.4 x 9.1) and a door to the yard with 2 walk in cold rooms. There is also a large dry shed, 2 small sore shed, a beer cellar, a 10 camera cctv system and a music system.

BUSINESS: Established business run with 8 full time and 2 part time staff (25% wages) taking £10,000 pw @ 65/70% g.p.

EQUIPMENT:  Fully fitted and equipped for the trade. Inventory available on request.

HOURS: Noon to 2.30 pm and 5.30 pm to 10.30 pm.

ACCOMMODATION: 4 Bedroom flat on the first floor bedroom 1 (14.8 x 13.2), bedroom 2 (7.10 x 7.1, a bathroom/wc (7.5 x 6.3), bedroom 3 (12.2 x 15.1), bedroom 4 (15.7 x 12.4), a boiler and a store room.

TENURE: 15 Year lease from 9 September 2015 with reviews at rent of £47,282 pa.

COMMENTS:  Entire Freehold may be available.

RATES: £16,220 pa payable.

PRICE: £250,000 o.n.o.


NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES on 020 7935 3939

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