Are you looking for free of tie pubs near Basingstoke? ‘The Purefoy Arms’ is available !
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Free Of Tie Pubs Near Basingstoke – The Purefoy Arms Is Available
The Grade II Listed detached property is of brick construction under a pitched tile roof with barns to the right hand side of the property. The property briefly comprises a bar & restaurant area, large four bedroom owners accommodation and benefits from extensive parking to the side of the property and a large rear trade area.
The business was taken over by a ‘hands on’ chef patron in May 2018, since then a full refurbishment program has been undertaken and the business has developed an impressive reputation both locally and regionally for outstanding food that is locally sourced.
There is scope to develop the pub further by converting the side barns into letting accommodation subject to the relevant planning permissions (STPP)
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Purefoy Arms Nr Basingstoke
Internal Details
Bar lounge area (c.20), restaurant (c.40), oce, ladies and gentleman’s WC’s, commercial kitchen and prep and a range of ancillary storage areas.
Lower ground floor beer cellar and cold room. Gross internal area: 463.39 Sq m.
External Details
Car parking for 15 vehicles to the front and side of the property. Rear trade garden (c.75) and a dining pod which seats up to eight people. Two semi detached storage barns, one fully fitted out as a bakery area and the other used for storage.
Owner’s Accommodation
Four bedroom owners accommodation with a lounge, bathroom and toilet arranged over the rst oor above the trade areas.
Fixtures & Fittings
We are advised fixtures and fittings are included within the premium, with the exception of some personal eects. An inventory will be provided to prospective purchasers once an offer has been accepted.
Tenure
The property is held on the residue of a 10-year free-of-tie lease from Red Oak Taverns which commenced in 2017. The headline rent is £55,419 per annum subject to annual indexation relative to the RPI. The next rent review is due to take place in 2023.
The Tenant is responsible to put and keep the property in good repair and condition including, internal decoration, gardens and general repairs and maintenance
Services
We understand that the property benefits from mains electricity and water, LPG gas and a sewage treatment plant to the rear of the property.
Development Potential
There is potential to develop the side barn into letting accommodation subject to the relevant planning permissions (STPP).
Staff
The business is run by a “hands on” owner chef with the support of a full complement of staff who are subject to TUPE and will transfer with the business.
Trading Information
Trading figures for the year-end 31 March 2020 show a net turnover of £470,413, gross profit margin of 74%, and an EBITDA of £89,057.
The business currently runs on a trade split of 65% food and 35% wet.
Trading Hours
Monday – Closed
Tuesday – Friday – 12pm – 11pm Saturday – 12pm – 11pm Sunday – Closed
Planning Permissions
Pub or Drinking Establishment – Sui Generis.
Business Rates
The rateable value is £37,000 as of April 2017.
Regulatory
Premises Licence.
The Purefoy Arms Nr Basingstoke
Leasehold: £75,000, Annual Rent: £55,419
Award winning food lead pub
Bar (c.20) & Restaurant (c.40)
Large four bedroom owners accommodation Net Sales: £470,413, ANP £89,057 Y/E March 20 Car parking (c.15), Rear garden & pod (c.70)
GIA: 463.39 Sq.m, EPC:E
