The Royal Oak is a very well positioned property on a busy main road between Lymington and New Milton which is visually seen from both ways allowing potential customers to slow down and turn into the side road before entering the large car park and courtyard gardens which are located to the rear. The property is equally sized from the car park, gardens, beer garden, separate restaurant, toilet facilities, kitchen and cellar and bar area are all well-proportioned and with the right tenants in situ, this is certainly a sought-after business. The restaurant is housed in an extension to the original building, with a fire place being the centre piece and rustic tables, chairs and booth seating giving it a warm and rural feel. This is a good-sized eating area, accommodating 80 covers and offering a home cooked menu. The bar area caters for 24 covers, with a three-sided servery allowing plenty of opportunity to promote products. There are also pockets of seating in the bar for both eating and drinking and a snug for 16 people which is nicely secluded from the busy areas. The pub boasts a large fully fitted trade kitchen capable of producing a good quality food menu. The property is currently being refurbished and will be well laid out for an experienced publican to maximise its potential. The licence allows live music inside the property up to 11pm which could prove to be a useful marketing tool when looking to attract a wider audience. The large car park is located to the rear of the property and provides space for 40 vehicles. From the car park, you enter the picturesque beer courtyard garden terrace laid with slabs and shingle, and shrubs and grass to the front. This area can seat approximately 80 covers and is certainly an area of the property to exploit and maximise potential.
The private accommodation is in a good condition and comprises three bedrooms, a lounge, kitchen, bathroom and office.
Forecast Turnover: £628,310.38
Year 1 Rent: £30,000.00
Guide Rent: £41,000.00
Initial Deposit: £0.00
Full Deposit: £10,250.00
Full Tie Release: £0.00
Agreement Fee: £775.00
Repair Fund: £1,200.00
Fixtures & Fittings: £40,000.00
Working Capital: £17,000.00
Stock & Glassware: £5,000.00
Cash Float: £2,000.00
Forecast Wet Turnover: £262,495.24
Forecast Dry Turnover: £365,815.13
Forecast Other Turnover: £0.00
The Royal Oak is popular with locals and guests from nearby surrounding areas, with the clientele predominantly in the 50+ age bracket, although the extensive outdoor space appeals to the family market. Potential exists to generate further revenue by targeting seasonal trade from the nearby Shorefield caravan park.
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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