The Apsley House is a well known wet -led, community pub, located on Auckland Road West in Southsea, just off Clarence Parade and The Solent. It is ideally situated near to the waterfront and very close to Southsea high street with Portsmouth city centre being only a short 10 minute walk away. The local area of Southsea is home to a popular pebble beach with promenade and pier, as well as Southsea common with tennis courts, volleyball, skatepark and a pitch and putt. A castle and an aquarium also prove popular to tourists and the pub itself has been at the centre of ghost tales over the years after a ex-barman pub employee appeared in a photo of the former victorian girls school.
Pub Layout
The trade area is spacious and is dominated by a central u-shaped bar servery, which welcomes the customer at the front entrance. Customer seating is laid out to the front, left and right hand sides of the trade space and there is also a raised area to the front right of the pub which is used for a pool and gaming machine. Externally to the front of the pub, there is a sun trap terraced area which has space for around 20 customers to enjoy their drinks al fresco.
The private accommodation is comprises 2 bedrooms, lounge, bathroom, kitchen and office.
Annual Rent: £24,000
Security Deposit: £5,000
Working Capital: £3,000
Stock: £3,000
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Admiral Taverns are looking for a licensee for the Apsley who is willing to put the community at the forefront of their business. Someone who will really focus on connecting with the locals and also being open to tourists and visitors to increase their income. They will need to be able to serve the right drinks offer and have the enthusiasm to promote a more premium selection where appropriate as well as introduce a wholesome pub grub food offer including a much needed Sunday roast. Given the local levels of competition, Admiral Taverns will favour an experienced licensee for this venue and an ability to market the pub successfully using social media will also contribute greatly to driving the business.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
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