tenancy
205 Francis Avenue, Southsea, Portsmouth, Southsea PO4 0AH, UK
Approx. Total Ingoings
£13,250Annual Rent
£31,000The Rutland Arms is an imposing corner site property in the bustling city of Portsmouth. In excellent decorative order both internally and externally, the pub is well established with locals and is surrounded by chimney pots. This is a one bar operation that serves all areas of trade and has seating for approximately 50 covers. There is opportunity to develop the food trade by utilising the small trade kitchen in situ, that can help capitalize on budding areas of trade. With close proximity to the Portsmouth Football ground, providing events or food offers on match days is vital. The beer garden is part lawn part patio, has covers for 60 guests and is popular in the summer months. Spacious accommodation is provided comprising three bedrooms and two lounges.
Private Accommodation: The domestic accommodation is in very good condition and is spread over two floors, it includes three bedrooms, two lounges, a kitchen and bathroom area.
Indoor trading area
The internal trading areas consists of one large room in two adjoining sections: a long front bar with polished wood flooring and a carpeted lounge to the rear. The pub has a function room on the first floor which is not being used at present but could potentially be re-introduced to host events, receptions and meetings/parties. There is no area set up for food though there is a small kitchen that can be used to develop a mid-market menu, thus maximising the pub's trade and overall potential. There are loose fixtures and fittings in place that can provide covers for around 50 guests.
Outdoor trading area
Externally, there is an enclosed patio and lawn garden to the rear of the pub that is enclosed via a brick wall and gate. It can seat around 60 covers and is a popular spot on the warmer months.
Regional Manager Comments
Due to its close proximity to the university and football stadium, the establishment is well situated to attract students and sports fans in addition to people living within the neighbourhood. There is a kitchen located on the ground floor, allowing for food and light bar snacks to be served, especially on match days. A publican with knowledge of the local area and who can immerse themselves within the community would be well suited. Catering experience would also be beneficial to maximise the sites potential.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Cask Ale Live Sports Restaurant/Food
Approx. Total Ingoings
£13,250
Annual Rent
£31,000
Potential Turnover: £335,000 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: £31,000 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: £13,250 (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: £8,500 (excl VAT)
To be discussed with the Regional Manager.
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