Best Pub Sales

Petersfield is an historic market town which in recent years has been the subject of modernisation and development, being on the A3 London to Portsmouth main trunk road and with main-line rail connections to London Waterloo.

The WHITE HART, which as been in the same hands since 2000 is situated in a highly visible position at the eastern edge of the town centre – the main central car park adjoins the rear boundary of the pub gardens.

There is further development potential, subject to permissions etc.,

VIEWING IS STRONGLY RECOMMENDED.

THE PREMISES CURRENTLY PROVIDE THE FOLLOWING ACCOMMODATION:

LOUNGE BAR, with part flagstone floor, TOILETS, CONSERVATORY RESTAURANT (28+) with doors to GARDENS with picnic tables and access to public car park, BAR SERVERY with bottle coolers etc., REFRIGERATED GROUND FLOOR BEER CELLAR, CATERING KITCHEN with extraction canopy and extensive range of catering equipment, STORES, DRY GOODS STORE with walk-in cold room, LARGE GARAGE STORE, PRIVATE GARDEN, FORECOURT PARKING, LARGE DETACHED BRICK BUILT OUTBUILDING which is somewhat dilapidated but has possible development potential.

The PRIVATE ACCOMMODATION comprises; LOUNGE, 3 BEDROOMS, BATHROOM and WC.

Services

All main services are connected.

Tenure

The premises are held on under the terms of PUNCH TAVERNS lease for 20 YEARS from 22nd August 2003.

The lease is protected by the Security of Tenure Provisions in Part II of the Landlord & Tenant Act.

Rent

Currently £50,232:00 per annum subject to annual indexation (RPI) and 5 yearly reviews.

Trade

Accountants figures provide the following information:

Year Ending	30-09-2006	30-09-2005	30-09-2004
Sales Ex VAT:	£337,749:00	£345,046:00	£358,757:00
Machine Income:	£ 2,760:00	£ 2,212:00	£ 2, 515:00

Gross Profit at approximately 61%

Catering represents approximately 34% of total sales.

Rates

Price

Offers are invited in the region of £175,000:00 for the Business Goodwill, Lease and Trade

Inventory of Furniture, Fittings & Equipment

Stock-in-trade and Glassware is extra at valuation on completion.

Viewing

Full viewing is STRICTLY by appointment with the Vendor's Sole Agent - James Bufton & Co.

PLEASE BE DISCREET AND DO NOT DISCUSS THIS MATTER WITH THE STAFF AT THE PUB.

N.B.

All figures exclude VAT (except where stated)