tenancy
44 London Road, Widley, Waterlooville PO7 5AG, UK
Approx. Total Ingoings
£21,250Annual Rent
£45,000The Hampshire Rose is one of the largest pubs in Portsmouth, catering for the local community and specialising in providing homemade, freshly cooked food, as well as traditional pub pursuits such as darts, pool, and sports. The pub boasts a function area, great beer garden, and spacious car parking which sets it apart from other pubs in the vicinity. The continued success of this pub will be dependent on a community-minded publican.
Private Accommodation: This pub offers a comfortable flat with four double bedrooms, a lounge, kitchen, bathroom and toilet.
Indoor trading area
There are two main trading areas, a 60 cover bar with plenty of additional standing room, and a 60 cover dining area; decorated in a contemporary theme throughout. The main bar incorporates function space which can be sectioned off for private parties. Further along the main bar is sofa seating and an open fireplace. The trade kitchen is fitted to a high standard and appropriate for a traditional pub menu and family favourites.
Outdoor trading area
In the summer months the spacious beer garden with children's play area is a great place for friends and family to enjoy. A car park at the front and back of the pub has space for 25 vehicles.
Regional Manager Comments
This is a great opportunity to run a family-orientated pub that caters for the local community and has the advantage of being able to hold private functions internally or in the garden. The pub is very spacious and in great condition, providing a great platform for the new publican.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Children's Play Area Live Sports
Approx. Total Ingoings
£21,250
Annual Rent
£45,000
Potential Turnover: £465,000 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: £45,000 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: £21,250 (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: £17,500 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
