tenancy
Winchester Road, Romsey, Hampshire SO51 7JG, UK
Approx. Total Ingoings
£16,750Annual Rent
£39,000The Sun occupies a prominent location on the main approach into Romsey centre and is situated within a delightful residential area. Romsey is a developing town and with the new housing developments within walking distance the population here will only grow. The pub is well known for its excellent food and drink offer, attracting the local residents and those visiting the area for the New Forest and Romsey town centre. The Sun boasts an open plan bar with a great selection of cask ale and draft beer, a mixture of tables and chairs for dining and a snug offering pub games and comfortable sofa seating. There is the addition of a large wrap around beer garden offering additional covers for drinking and dining, a popular spot during the summer months. This is an ideal opportunity for a publican or couple with experience or a first-time operator that has a vision for the pub and wants to continue and grow the trade. General managers in the industry will also be considered providing they have the correct investment.
Private Accommodation: The private accommodation is spread across two floors and comprises of a total of five bedrooms, a separate lounge, kitchen and one family bathroom. The second residential floor has the potential to be used as a B&B with three en-suite rooms to draw in additional revenue.
Indoor trading area
There are two main entrances to the pub via the front and rear of the pub. On entrance through the front door, you are welcomed by a fully stocked bar area which is traditional in style and has an extended bar counter with lots of draft and cask ale on offer. The bar counter is split into two separate trading areas offering a total of 45 covers; to the left is an informal dining area with low tables. To the right is a snug which is a relaxed drinking and dining space with high tables, comfortable sofa seating, a dart board and a cosy fireplace. There is a medium sized fully fitted trade kitchen providing the publican an opportunity to provide a good quality pub menu as well as a ground floor cellar.
Outdoor trading area
The Sun offers a delightful beer garden that wraps around the one side of the property, offering plenty of space for seating including picnic tables. There is a marquee adjoined to the pub providing a further 40-45 covers a popular spot for guests to enjoy food and drink in the summer months. There is also a good-sized car park onsite with space for 25 cars.
Regional Manager Comments
The Sun is a classic community pub that serves the locals of Romsey, with the good choice of food and drink offerings visitors to the area are also drawn to the pub. This is an ideal opportunity for a publican or couple with experience or a first-time operator that has a vision for the pub and wants to continue and grow the trade. I am happy to speak with general managers in the industry providing they have the suitable investment and drive.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale
Approx. Total Ingoings
£16,750
Annual Rent
£39,000
Potential Turnover: £426,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £39,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £16,750 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £25,000 (excl VAT)
To be discussed with the Regional Manager.
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