Restaurants for sale in Southampton

View the "PUBLIC HOUSE & 14 BEDROOM BOUTIQUE HOTEL, CITY CENTRE, SOUTHAMPTON" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £250,000 Price Reduced Weekly Turnover: £12,000
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Business Description
LEASEHOLD PUBLIC HOUSE & 14 BEDROOM BOUTIQUE HOTEL, CITY CENTRE, SOUTHAMPTON. Imposing period property, steeped in local history. Thoroughly modernised. Air-con corner bar has capacity for 120 people, with DJ console & 2 screens. Adj. Real Ale Bar – capacity 80, was former restaurant. Comprehensively equipped catering kitchen. Superior ‘boutique style’ hotel accom. comprises 14 letting bedrms on 1st & 2nd flrs. Entirely staff run. Bar takings £5,000/£8,000 a week incl. food. GP 50%. Hotel takings £4,000/£5,000 a week. ‘Free of tie’ lease for 25 yrs at current rental of £45,000 p.a.x. – OIRO £250,000 + S.A.V. for 100% shareholding in Ltd Co. (Ref. F/H.3637). PLEASE VISIT OUR WEBSITE:
Trading Hours:

The pub opens from 12.00 noon until 11.00 pm during the week, closing at between 1.00 am and 2.00 am on Friday and Saturday nights.

Number of Employees:

The business is entirely run by staff, the Vendors currently employing 7 full-time assistants.

Tenure: Leasehold

Number of bedrooms: 14

Accommodation Details:

There are 14 well appointed, double glazed letting bedrooms that are arranged on the first and second floors, each having en suite facilities, as well as TV and tea and coffee making facilities. The letting rooms comprise: 2 singles (£65 per night); 8 doubles (£90 per night); 2 large doubles (£142 per night) and 2 suites (£150 per night). NB breakfast is not provided. There is no staff or owners accommodation, apart from the furnished manager’s office, the premises being protected by a 14 camera CCTV system.

Location Details:

Occupying a prominent corner site, fronting a busy traffic light junction, convenient for the city centre and docks.

Leasehold Term:

We are advised by our clients that the premises are held on a ‘free of tie’ lease from Greene King Brewery for a term of 25 years, which commenced in April 2015. We understand that the current rental amounts to £45,000 per annum, plus VAT, and is subject to 5 yearly rent reviews. NB we understand that the lease is in the name of a Limited Company, the 100% shareholding of which we are currently offering for sale. It should be noted that there are no personal guarantees required from the Directors, although the Landlords will require a £20,000 rental deposit.


Listed by: Andrew Greenwood
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