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The Park Tavern is located in a densely populated, residential area of Gosport, consisting of well-kept, semi-detached and detached housing. Situated on the corner of Park Road and Alecto Road, the Park Tavern sits opposite Gosport Park which is surrounded on two sides by water views that look out onto Haslar Royal Naval Cemetery. Gosport Park has six rugby pitches and is home to Gosport and Fareham Rugby Club and it also provides a home base to Alverstoke Old English Bowling Club. Gosport is large peninsula town located on Hampshire's South Coast, on the west side of Portsmouth Harbour and although it has its own town centre shops and large shopping centre, the ferry crossing provides great links directly into the city of Portsmouth itself.
Pub Layout
Upon entry you will see that the pub has an open plan trade area that hosts a large bar servery to the right with loose tables and chairs and encompasses a prominent stage area to the front of the pub which is used for entertainment. Towards the back of the pub there is a large ornate staircase which leads up to a function room with its own bar servery, thus creating an independent trade space to the downstairs bar. There is also a fire escape from this room into the garden so capacity numbers are protected. Also on this floor, you will find the main trade kitchen which is well situated to prepare food for private functions. The beer garden is segmented into two distinct area. The first is a fixed, covered space with a pergola and a small external bar. The second garden area is a well maintained and developed zone with plants, shrubs and loose furniture.
On the second floor is the private accommodation consisting of three bedrooms, a living room, bathroom and kitchen.
Annual Rent: £18,607
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 are seeking to secure a dynamic and experienced retailer, who is community focused and shares our vision of making the Park Tavern the hub of the local community. Our new licensee must have a passion for local events, sports teams and live entertainment and will utilise these to drive the business. There is scope to not only grow wet sales but to also introduce and grow a pub food offer. With the large upstairs function room, there is also an opportunity to really drive the business from functions and boost the income by providing a valuable venue and service to the local area.
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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