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MAIN SPECIFICATIONS: A VERY RARE OPPORTUNITY TO PURCHASE A LARGE AND SUCCESSFUL APPROXIMATE 7,761 SQUARE FOOT DETACHED PUBLIC HOUSE * NOT GRADE LISTED * INCLUDES ADJOINING EXTENSIVE SIZED CAR PARK WITH 50 SPACES AND POSSIBLY SUITABLE IN PART OR IN WHOLE FOR RESIDENTIAL OR FURTHER COMMERCIAL DEVELOPMENT SUBJECT TO PLANNING * A FREEHOLD AND FREE OF TIE DESTINATION PUB.
THE LARGE EXISTING PUBLIC HOUSE COMPRISES OF:
• 200 COVER FUNCTION ROOM
• 70 COVER RESTAURANT
• 60 COVER BAR AREA
• FULLY FITTED KITCHEN
• BEER GARDEN
• 8 SEPARATE LETTING ROOMS WITH ENSUITES
• LARGE 2 BED OWNERS FLAT
• UNDERGONE EXTENSIVE REFURBISHMENT INCLUDING A NEW ROOF
• TURNOVER BETWEEN £16,000 TO £20,000 PER WEEK ( circa £800,000 to £1,000,000 per annum)
• HUGE SCOPE TO EXPAND
• IN SAME HANDS FOR OVER 12 YEARS
• (BUILDERS AND DEVELOPERS PLEASE NOTE) ALSO IDEAL FOR CONVERSION INTO RESIDENTIAL APARTMENTS AND CONSTRUCTION OF NEW HOMES IN THE CAR PAR AREAS SUBJECT TO PLANNING
DESCRIPTION: This substantial sized detached and successful freehold public house offers a variety of business opportunities for all types of investors, whether they are looking to enhance and grow an already productive restaurant and function room business with 8 letting rooms in addition to a large two bedroom staff / owners flat, or completely redevelop the site by building terraced or detached houses in the large car park area currently for up to 50 cars, as well as either converting the large 7,761 square foot pub into up to 16 flats or to knock down and replace with more new houses, again subject to planning.
SITUATION: Located on the outskirts of Hailsham in the area of Horsebridge and easily accessible to the main London and Eastbourne access road networks, as well as being within easy driving distance of Polegate mainline train station, this commercial property is perfectly located for investors looking to grow an already successful business, or redevelop into a residential new homes site.
NUMEROUS DINING AREAS: This public house already has an ideal layout of numerous dining areas to suit various client types if required. For example, family dining suitable also for children.
LARGE FUNCTION ROOM: Perfect for weddings, Christenings, business meetings and company Christmas parties.
GENERAL BAR: With extensive seating areas.
KITCHEN: A fully functioning and well-equipped commercial kitchen able to service all of the above needs.
LETTING MOTEL ROOMS WITH ENSUITES: 8 in total and well-presented all of which have ensuites.
STAFF / OWNERS TWO BEDROOM APARTMENT: Located on the first floor and well proportioned.
FORMAL REAR RECEPTION HALL: Ideal for accessing the function room separately from the other dining and drinking areas with an office adjoining.
NUMEROUS TOILET FACILITIES: Male and female, as well as disabled and other facilities.
BEER GARDEN: Located to the rear of the premises and enjoying a southerly aspect.
CAR PARK: An extensive tarmac area for parking up to 50 vehicles. Also, perfect subject to planning for redevelopment into a location for detached or terraced houses subject to planning.
COUNCIL TAX BAND: A