tenancy
133 Elson Road, Gosport PO12 4BT, UK
Approx. Total Ingoings
£12,500Annual Rent
£28,000The Three Tuns is a great community pub located in Elson, Gosport a delightful town in the south of Hampshire. The pub has built a strong trade over the years amongst the locals who visit the pub frequently for the friendly atmosphere, regular entertainment and pub games. Offering two bars, a games area, a well-presented beer garden and a large car park which allow for a number of trading opportunities. The Three Tuns is extremely well presented both internally and externally, with scope to enhance the garden to make it more family friendly. The fixtures and fittings are in good condition and there is a small galley food prep area capable of offering a handheld food offer. This pub is ideally suited for a publican who is willing to integrate with the local community and introduce a rhythm of the week to draw in additional trade to this lovely pub.
Private Accommodation: The private accommodation is large, light and airy with a fireplace in each bedroom and offers a lounge and a large kitchen area. There are three main bedrooms with a fourth bedroom in the attic which provides extra living space.
Indoor trading area
There are two main areas at the Three Tuns, including a public sports bar and a lounge bar, each benefitting from its own entrance. The lounge can seat 30 guests whilst the public bar has room for up to 70 guests. The décor is typical of a traditional public house, it has been maintained to a good standard and is clean in appearance. The public bar offers both loose and fitted seating and the layout of the room creates a good area for socialising. The wooden servery is situated at one end of the room and provides ample space for storage. From here there is easy access to the games area, where there is a pool table, dart board and gaming machines. The second of the two main trade areas; the lounge bar, offers guests a cosier space in which to relax with a drink. A light and airy room, the bar is to one side and wooden furniture is scattered around to create an informal setting. There is an adequately sized trade kitchen which would suit a simple snack food offer; it would require an upgrade if a more comprehensive food operation were planned.
Outdoor trading area
The Three Tuns is externally very attractive and well-signed from the main road with eye-catching advertisement boards updated regularly. Easily accessed from the rear of the property, the beer garden is enclosed by wooden fencing and has a mixture of grass and patio, where there are a number of picnic style benches for guests. This area is very well presented and potted plants add a splash of colour. The car park runs behind the property and provides space for 25 vehicles.
Regional Manager Comments
The Three Tuns has been a family run business for many years and is well-known for its friendly and welcoming atmosphere. The pub has a supportive locals trade and includes clientele who have been frequenting visiting this pub for many years and happily co-exist with the livelier evening trade. There are established sports teams in both pool and darts who are residents here and provide key support to trade. This is a pub at the heart of the local community therefore we are looking for a publican who will get involved in all aspects of local life and offer a strong rhythm of the week.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Live Sports
Approx. Total Ingoings
£12,500
Annual Rent
£28,000
Potential Turnover: £399,000 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: £28,000 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: £12,500 (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: £15,000 (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.
