The Hook, a meticulously maintained and significantly upgraded public house, occupies a prominent central position within the affluent Hampshire village of Warsash. This desirable location, nestled between the city of Southampton and the town of Fareham, offers excellent connectivity via the nearby M27 motorway, making it easily accessible to a wide catchment area. The Hook itself has been thoughtfully designed and refurbished to cater to the upper mid-market clientele that frequents the establishment, creating a sophisticated and welcoming atmosphere. Internally, the furnishings and décor are of a high standard, contributing to the overall premium feel. A notable feature of the property is the substantial side extension, now housing a versatile pergola. This heated, lit, and tastefully furnished space serves as both a function room and an area for showcasing sporting events, providing valuable additional revenue streams. Externally, the decking area has been recently renewed and further enhanced with a large waterproof structure, ensuring its usability throughout the year, regardless of weather conditions. To the rear of the property lies a unique opportunity: the fully equipped restaurant space currently operating as the successful Luciano's Italian restaurant. With its own separate entrance and a well-established fine dining concept, Luciano's offers considerable potential for a new operator to either continue the existing cuisine or introduce their own culinary vision. The comprehensively equipped kitchen is capable of producing a high turnover of food, further enhancing the business potential of this exceptional property.
The accommodation was completely destroyed by fire in March 2022 and as such has been rebuilt and furnished to a high standard. The accommodation is accessed through a rear staircase giving privacy to anyone living here, as they don’t need to walk through the trading space to reach their home.
The accommodation comprises of three double bedrooms, a lounge, kitchen and bathroom, all decorated to a high standard with new floor coverings throughout.
Forecast Turnover: £865,707.07
Year 1 Rent: £0.00
Guide Rent: £65,000.00
Initial Deposit: £0.00
Full Deposit: £16,250.00
Full Tie Release: £74,750.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: To be valued circa £50,000.00
Working Capital: Ingoing costs £60,786.00
Stock & Glassware: £6,000.00
Cash Float: £1,500.00
Forecast Wet Turnover: £588,675.96
Forecast Dry Turnover: £277,031.12
Forecast Other Turnover: £0.00
This is an amazing opportunity for an experienced publican to take on a site in excellent condition, with a fantastic reputation. The site is ready to trade.
Warsash is an affluent and desirable place to live by the sea and the accommodation above the pub would suit a small family.
Anyone taking this site needs to be mindful of high turnover expecially the food turnover and how this would be managed if they don’t have a chefing background themselves.
We would want to see a robust business plan on how the applicant intends to operate the pub and maintain the already high level of wet volume.
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
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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