367 Worting Road, Basingstoke, Hampshire, RG22 5EQ
A fantastic opportunity for a local operator to develop this business into the first choice for customers, looking to watch live sports. There is an additional opportunity to develop and grow food sales.
The White Hart is a large one bar operation with a mezzanine area set aside for dining and private functions. There is a secluded patio area to the side of the pub that is well utilised during the summer months. There are a number of large screen TV's located around the pub that show all sporting events throughout the year. The food offer is currently outsourced with a mixture of Thai food and traditional pub food available during the day and early evening. There could be an opportunity to invest in this site with the right operator.
One bar trading area
|Car park spaces||15|
The living accommodation is in reasonably good condition.
|Annual rent||£39,000 per annum|
|Weekly rent||£750.00 per week fixed|
£39,000 per annum, £750.00 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £33,625 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). A minimum of £20,000 capital would be sufficient with the right operator. The balance of the fixtures and fittings would be put on an assisted purchase scheme.
|Fixtures & fittings||£18,000||Working capital||£4,000|
|Other costs||£4,000||Total entry cost||£33,625|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Basingstoke is the largest town in the county of Hampshire. It is situated in south central part of England and lies across a valley at the source of the River Loddon. It is located 30 miles northeast of Southampton and 48 miles southwest of London. According to the 2016 population estimate the town had a population of 113,776. The M3 is located only a few miles from the pub offering easy access to London and the south coast. There are also excellent rail network connections from the town centre.