Other Pubs for sale in Portsmouth

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Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £19,250
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Business Description
An excellent opportunity for an experienced publican. Currently the customer base is made up of shoppers local residents and workers from the nearby industrial units. With ample parking and good road links, potential exists to attract customers from further afield by developing the food offer. We are advised that the potential turnover of the business is in excess of £440,000 per annum.
Within the indoor trading area freshly prepared pub food is locally sourced and served. Compass Rose has a large internal trading area traditionally furnished throughout. This one bar operation has traditional décor and includes a seating area for drinkers, games area with a pool table and TVs for sky sports viewing. The pub boasts a large separate dining area accommodating approximately 70 covers. The ground floor has a good-sized trade kitchen capable of providing a substantial food offer. The cellar, office and storage areas are conveniently located behind the bar.
Tenure: Leasehold

Location Details:
The Compass Rose is situated off the main eastern road approach to Portsmouth in the Morrisons retail Park. The pub is located on the edge of a housing estate near to various light industrial units; the main employer-employee in the area is BAE. The pub is a short distance from Portsmouth and Southsea boasting good road links located near to the M27, A27 and the A3.

Leasehold Term:
The proposed agreement is a tendency of up to 5 years at a guide rent of £33,000 per annum exclusive. This is based on discount of £80 per barrel stop additional discount of £50 per barrel on qualifying brands over an agreed target payable monthly in advance. Estimated fixtures and fittings value: £30,000 (exclusive of VAT). To be discussed with the regional manager.

Listed by: Gully Howard Technical Ltd
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