Pub Tenancy Opportunity - Chichester
Pub Tenancy Opportunity - The Royal Oak - Lagness, Chichester
TOP LINE FIGURES
Rent: Turnover linked
Ingoing Costs: Approx. £19,000 + F&F *Inventory loans up to 75% are available*
The Royal Oak in Lagness offers a warm welcome to all. Home-cooked food, great beer, cosy log fires and a sun-trap garden make it a place of real relaxation, with no loud music disturbing the peace. It is a great destination food pub with a lot of passing trade.
The Royal Oak is located on the Pagham Road (B2166) in Lagness, only 3 miles from Bognor Regis and 4 miles from Chichester.
Three Double Bedrooms, Living Room, Kitchen, Bathroom and Office
Lovely outside garden area with seating for approx 50. There are also two garages and a bottle shed
Parking for approx 24 cars
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.
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.