367 Worting Road, Basingstoke, Hampshire, RG22 5EQ
The White Hart is a quirky, charming Pub with plenty to offer
Greene King are offering a fantastic opportunity to take hold of this Pub and develop it further into a great live sport venue. The site is a single bar operation with large screen TV’s, so its an ideal venue for customers to watch Football, Rugby or Cricket and create a great atmosphere. There is also a mezzanine area with forty food covers which offer excellent potential to improve upon the current mixture of Thai and traditional dishes. Externally, there is a secluded patio area which is popular during the warmer weather. The White Hart is located close to large residential areas, so there should be plenty of locals to capture the imagination of and temp into the Pub. We would potentially invest in this site, with the right operator.
One bar trading area, with mezzanine dining area. Externally there is a secluded patio area and a car park offering fifteen spaces
|Car park spaces||15|
The living accommodation is in reasonably good condition.
|Annual rent||£27,000 per annum|
|Weekly rent||£519.23 per week fixed|
The annual rent shown takes into consideration a machines supply concession. The annual rent will be £39,000.00 if you prefer not to have Greene King supply machines to you. The rent is subject to annual RPI increase, which is capped. Payment terms are 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.
Current premises licence opening hours
Sunday to Wednesday - 09:00hrs - 01:00hrs Thursday to Saturday - 09:00hrs - 08:00hrs
“ I am seeking a quality operator to develop this business, so it is the first choice for customers, looking to watch live sport. With numerous large screen TV’s around this single bar operation, I would expect sport to be the hook to tempt customers into the White Hart again and again, which would then enable you to grow the food offer. If you have a passion for live sport and quality, friendly service, then we want to hear from you ”