This recently refurbished 'Free of Tie' Leasehold Bar & Restaurant is situated on the High Street of Lyndhurst, Hampshire.
Lyndhurst is a large village and civil parish situated in the New Forest National Park in Hampshire. Lyndhurst is known as 'The Capital of the New Forest' and attracts thousands of tourists on an annual basis with its independent shops, art galleries, cafes, museums, pubs, hotels and restaurants.
The nearest city is Southampton, about 9 miles to the northeast.
The village is surrounded by caravan and campsites along with a wide variety of accommodation options.
Lyndhurst is a meeting point of the A35 and the A337 and although not served by a train station, Brockenhurst is only 3 miles away offering direct links to London.
This Free of Tie Leasehold Bar & Restaurant is of painted brick construction, under a pitched, tiled roof, occupying a prominent High Street position within Lyndhurst, Hampshire.
The Ground Floor Bar & Restaurant (circa 40) is presented to a very high standard and benefits from a solid wood flooring, bar servery area, wood panelling and a bright and modern feel.
The 1st Floor Restaurant (circa 40) is in keeping with the ground floor and offers a good range of fixtures and fittings and benefits from booth seating.
All areas are equipped to a very high standard and offer an excellent range of fixtures and fittings.
Ladies and Gents W.C.’s.
There is an excellent Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces that is equipped to a very high standard.
There are Staff Toilets, an Office, Bottle Store and Safe Room.
To the rear of the property areTwo Private Parking Spaces.
Car Parking is not an issue at the business as there are public car parks within easy walking distance.
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
7 days per week 11am - Midnight
Current opening hours are:
7 days per week - Midday - 10pm
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The business is offered for sale as a lease assignment with approximately 7 years remaining of the Private ‘Free of Tie’ full repairing and insuring, renewable agreement. We are advised that the bar and restaurant is free of tie for all products. We are informed that the rent is currently £26,000 per annum to be reviewed in 2019. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are advised as currently being £13,000.
The current owners purchased the business in Nov 2016 and have completely refurbished the trading areas. Our clients are cutting their long term plans short due to other business commitments. This ‘free of tie’ business currently operates as a successful Tex-Mex Restaurant but could have a variety of uses within this prominent position. We are advised VAT Returns declare turnover in the region of £8,000 per wk (inc vat) since Nov 2016 and the trade split is 70% food and 30% wet. Accounting information will be made available to interested parties after viewing. This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014. Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.
Details prepared: August 2017