Lymington Pub For Sale

Business description

FEATURES Popular New Forest Yachting Haven location. Established business with local and tourist clientele. Refurbished to an exceptional standard in present ownership. Currently operating as a Public House specialising in Thai cuisine. Owners 3 bedroom accommodation. Separate Owners/Letting Studio Flat.

SUMMARY OF
ACCOMMODATION Pub. Restaurant (50 covers). The “Pit” (20 covers). Cloakrooms. Waiters Area. Kitchen. Beer Cellar. Office. Owners Accommodation comprising 3 Double Bedrooms, Lounge, Kitchen and Bathroom. Separate First Floor Studio Flat.

Property information

Property:

Leasehold

Lease terms:

LEASEHOLD. The owners inform us that the premises are held under a Scottish & Newcastle Lease which is tied on beer and alcopops and is free of tie on wine, spirits and soft drinks. We are informed that there are approximately 23 years remaining from an original 25 year lease with 5 yearly rent reviews at a current rent of £48,000 per annum. We have not had sight of this lease documentation.

Living accommodation:

Owners Accommodation comprising 3 Double Bedrooms, Lounge, Kitchen and Bathroom. Separate First Floor Studio Flat.

Location:

The Quay approx. ¾ mile (on foot). Isle of Wight Ferry approx. 1½ miles. New Milton approx. 7½ miles. Bournemouth approx. 15½ miles. Southampton approx. 20 miles.