Freehold New Lease Pub Near Southampton Football Club For Sale

Business description

UNDER OFFER! This prominent, end of terrace Victorian pub is a stone's throw from St Mary's Stadium and is fast becoming known as a major live music venue in addition to catering for fans on match days. Refurbished totally in October 2006 the pub is currently owned by a small, private pubco. There is a ground floor bar (150) with stage, first floor bar (50) also with a stage, extensive basement with fully equipped kitchen and beer cellar and a bright first floor manager's one bedroom flat.

Property information

Property:

Freehold

Lease terms:

The pub is also available for lease, either tied or free of tie. Ingoing 25K for F&F, goodwill and deposit and rent of 25K for tied or 42K free of tie. STOP PRESS! NOW REDUCED TO 20K INCL VALUABLE INVENTORY. ONE MONTH RENT-FREE. TWO ADJACENT S/C FLATS AVAILABLE TO BUY OR RENT.

Living accommodation:

Bright one bedroom flat with lounge, kitchen and bathroom/shower. There are two freehold adjacent flats available by negotiation.

Location:

The King Alfred in Northam Road is highly visible from the adjacent ring road just east from the city centre near the university. There is a municipal car park outside the pub which is free after 6pm. On match days Northam Road is a main walk-way to the stadium where some 20,000 spectators support Southampton FC who are in the Championship league.

Other information

Expansion potential:

There is a definate opportunity to create a food offering and to expand the live music facility. The smaller bar is ideal for private parties and has not been promoted.

Competition / Market:

There is plenty of competition in the area but the King Alfred has a superb facility for live bands to play and the music scene has welcomed the recent Show Case Gigs and Debauchery Club nights which generate substantial bar income for the pub. The pub is available freehold or the owners will consider creating a new lease for suitable applicants who should have experience of operating for high numbers.

Support & training:

The managers will help as required between exchange of contracts and completion

Reasons for selling:

The owners wish to diversify into the food destination sector

Trading hours:

Sun-Wed: 10am-Midnight; Thurs-Sat: 10am-2am

Financing available:

Our brokers will be pleased to discuss funding this freehold site.

Inventory / Stock value:

£3,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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