tenancy
272 Hunts Pond Road, Park Gate, Fareham PO14 4PF, UK
Approx. Total Ingoings
£19,500Annual Rent
£48,000The Sir Joseph Paxton is a busy traditional tavern in a dense suburban location just outside the village of Titchfield near Fareham. It is a detached pub, with ample car parking and a large garden to rear, which benefits from a covered area and a pergola where satellite sport can be shown. The trade area is open plan, with one bar servery serving traditional pub food from a modest but capable trade kitchen. The ideal publican would be already experienced in the license trade, someone who could continue to successfully operate a stable neighbourhood business, whilst growing food sales and responding to developing consumer needs.
Private Accommodation: The private accommodation comprises of two main bedrooms and a lounge with a spacious kitchen, toilet and bathroom.
Indoor trading area
The pub encompasses two spacious main trade areas; the main entrance leads to an L-shaped bar directly ahead with two dining areas either side suitable for approximately 50 covers. A traditional pub menu is delivered from a modest yet capable trade kitchen. The pub is decorated traditionally throughout with ceiling beams, exposed brick wall interior and a cosy open fireplace. There is a mixture of loose and fixed seating that can be easily rearranged for group bookings or to host live music events which are a current regular fixture. With BT Sport on offer in the pub showcasing live sport, there is the demand to further introduce a sports and games proposition given the large trading space.
Outdoor trading area
To the rear of the dining area opens to a very well-presented beer garden that promises great times on sunny days and warm weather. Furnished with benches there is the potential to provide an additional 60 covers allowing guests to dine alfresco. There is an additional covered outside seating area and pergola to show live sports. Ample car parking is provided to the front of the pub with space for 15 vehicles, there is additional off-road parking available on Netley Road.
Regional Manager Comments
The Sir Joseph Paxton is a fantastic pub which is embedded in the heart of the community and presents a perfect opportunity for an experienced publican. We are looking for someone who can maintain the existing offer and continue serving the wide range of customers offering a great place to relax, enjoy a good drink and great traditional pub food.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Live Sports
Approx. Total Ingoings
£19,500
Annual Rent
£48,000
Potential Turnover: £528,000 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: £48,000 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: £19,500 (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.
