Fullers Tenancy

Pub Tenancy Opportunity - Fareham

Location
Fareham, Hampshire
Salary
Self Employed - Uncapped Earnings
Posted
21 Oct 2019
Closes
13 Nov 2019
Job Type
Full Time, Live in

Pub Tenancy Opportunity - The Golden Lion - Fareham

TOP LINE FIGURES

Rent: TBC

Ingoing Costs: Approx. £19,000 plus F&F *Inventory loans up to 75% are available*

Overview

Built in 1790, The Golden Lion is a Grade 2 listed building, operating as a traditional public house. There is a dining area to the side plus an enclosed walled garden to the rear with car park.

The Golden Lion is located in the historic high street of Fareham town centre, close to all the retail outlets plus residential areas. Only 8 miles from Portsmouth Harbour with its Historic Dockyard, Marie Rose, HMS Victory, Spinnaker Tower, Gunwharf Quay and the Isle of Wight ferry services.

Private Accommodation

Kitchen; large lounge/dining room; four bedrooms; office; bathroom and separate toilet.

Outside

Covered, heating patio area to rear of pub with six tables. Two garages, outbuilding for fridge freezer storage, shed for wood storage, leading to enclosed garden, currently has 7 benches but space for more.

Car park for 10 vehicles.

Fuller's Tenancy

The property is to be let on a new three year and is Landlord and Tenant Act protected. Rent £TBA per annum, subject to a three-year review pattern and annual increases in line with the Retail Price Index. There is a full tie on all wet products. Machine income is shared 50/50 between the tenant and Fuller’s. A Security Deposit of £8,000 is required and is included in the capital required figure. The tenancy has no minimum purchase requirement and no volume penalty. Further details will be discussed at interview.

Applicant Procedure

Applicants are required to complete and return a Fuller's Application Form. A business plan, cash flow forecast and evidence of funding will be required at interview.

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